FCA's Bailey: We expect to see active fees come down

FCA does not favour active or passive investments

Anna Fedorova
clock • 2 min read

The chief executive of the Financial Conduct Authority (FCA) said he expects to see improved competition within the asset management industry as a result of the regulator's package of 'remedies', which will ultimately lead to lower management costs.

During a press conference on the FCA's final report on its Asset Management Market study released on Wednesday, Andrew Bailey (pictured) said this trend had already begun in the industry, and the report would help it along. He said: "We are already seeing some changes in the industry and it does seem to be the case that over the recent period we have seen changes in the trend [for higher fees]. "This aught to come together with our report and I see the study as creating the framework that allows this competition to flourish. We would expect to see [active] fees come down." In its F...

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

Why well-run advice firms still shoulder an unfair FSCS burden - and what needs to change

Why well-run advice firms still shoulder an unfair FSCS burden - and what needs to change

Tom Hegarty shares his views on the FSCS levy and why things need to change...

Tom Hegarty
clock 08 January 2026 • 4 min read
FCA Consolidation Review: Key actions for firms navigating M&A

FCA Consolidation Review: Key actions for firms navigating M&A

What does best practice look like?

Professional Adviser
clock 07 January 2026 • 4 min read
FCA removes regulatory permissions from advice firm over breaches

FCA removes regulatory permissions from advice firm over breaches

Ups assets restriction and notes unpaid FOS award

Jen Frost
clock 22 December 2025 • 2 min read