Talking Heads: What's your take on the FCA's AM Market Review?

In its Asset Management Market Study, among other comments, the regulator said around £109bn of assets are sat in actively managed funds that charge higher fees but closely mirror passives in terms of their similarity to the index and thus performance.  The regulator also suggested there was "weak price competition" in the asset management sector, as well as little clarity over what investors should expect from funds and how they might assess how they are performing against relevant benchmarks. Professional Adviser spoke to three advisers to find out what they thought about the paper....