FCA's Bailey: We expect to see active fees come down
FCA does not favour active or passive investments
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...
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