Asset Management Study 'indicative of market failure' - Christopher Woolard

'Not searching for rule-breakers'

Hannah Godfrey
clock • 3 min read

The Asset Management Market Study is "probably the most significant piece of competition work the FCA has undertaken to date", the regulator's director of strategy and competition Christopher Woolard has said.

Addressing the annual conference of the Tax Incentivised Savings Association, Woolard (pictured) said the findings of the study, the interim report of which was published on 17 November, point "to a need for reform". He continued: "For asset managers, we understand the report and its interim findings are challenging. We also appreciate the commercial complexity they are operating under. And the complexity of the policy environment. "So one point I want to stress is that we see the report as indicative, first and foremost, of a market failure in the economic sense. This has been about ...

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 Regulation

Verve flags adviser hesitance over compliance switching

Verve flags adviser hesitance over compliance switching

Launches guide

Jen Frost
clock 06 February 2026 • 2 min read
Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 06 February 2026 • 1 min read
Navigating FCA skilled person reviews, remediation, and past business reviews

Navigating FCA skilled person reviews, remediation, and past business reviews

Risk of s166 review has 'never been more significant'

Marjolaine Quirke
clock 05 February 2026 • 2 min read