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

SFO to secure further £491,000 from overseas investment fraudster

SFO to secure further £491,000 from overseas investment fraudster

Targeted British expats in Jakarta

Jen Frost
clock 22 June 2026 • 1 min read
Lords warns financial services bill could weaken regulators' accountability

Lords warns financial services bill could weaken regulators' accountability

Open letter to investment minister

Michael Nelson
clock 19 June 2026 • 2 min read
Designing bereavement around people, not paperwork: Surviving the FCA review

Designing bereavement around people, not paperwork: Surviving the FCA review

Only 47% of bereaved families feel adequately supported by financial firms

Lisa Lund
clock 18 June 2026 • 6 min read