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

Three advisers have their say …

Tom Ellis
clock • 3 min read

The Financial Conduct Authority (FCA) released a damning assessment of the asset management sector last week, claiming passive funds are underrepresented and undersold to investors in comparison with actively managed vehicles.

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....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: The line between resilience and risk

Darius McDermott: The line between resilience and risk

'Trump has, for the most part, chickened out'

Darius McDermott
clock 29 July 2025 • 5 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - A compelling opportunity: The UK is on offer

Watch Professional Adviser's Working Lunch with Baillie Gifford - A compelling opportunity: The UK is on offer

Catch up on the discussion

Professional Adviser
clock 29 July 2025 • 1 min read
Advisers look to capital accumulation in Q2 2025

Advisers look to capital accumulation in Q2 2025

Interest in inflation protection nudges up

Jen Frost
clock 18 July 2025 • 3 min read