Industry warns FCA of 'unintended' risks of all-in fee proposals

In its Asset Management Market Study released late last year, the FCA proposed an 'all-in' fund management fee, with four options of how this could work in practice, alongside a raft of other proposals to improve "weak price competition" in the industry. In its response to the study, for which the deadline is today (20 February), Vanguard Asset Management suggested a "health warning" must be issued on fund management fees to help investors understand their impact on returns. The company, which offers both active and passive funds, said disclosure on fees and performance should be made...