A summary of 10 key points from the FCA's Asset Management Market Study, which was published this morning.
1. 'All-in fee' approach The regulator is proposing asset managers publish an all-encompassing fee and improve communication on charges and their impact on performance. The report said "more than half of retail investors in our survey did not know for sure that they were paying fund charges on their investment product". While UCITS fund managers must currently disclose an on going charges figure (OCF) on each fund's Key Investor Information Document, which includes expenses for operating the fund and the remuneration of anyone providing services to it, it does not include ‘one off' ...
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