FCA proposes 'all-in' fund fee and further work on platforms/adviser roles

In the interim report of its Asset Asset Management Market Study out today, the regulator identified a number of issues which need addressing. In particular, it was critical of "considerable price clustering" for active equity funds, the performance of many actively-managed fund (including absolute return vehicles), how information on charges and fund performance was communicated and the role of consultants. Key proposals include an 'all-in' fund fee and improved communication about charges and their impact on performance. However, the regulator has backed away introducing a charging ...