FCA launches second consultation on transparency of fund objectives

Will assess use of benchmarks

Beth Brearley
clock • 2 min read

The Financial Conduct Authority (FCA) has launched a second consultation on the back of its Asset Management Market Study into the transparency of fund objectives and the use of benchmarks.

Following the consultation the regulator plans to publish guidance on how fund managers should make their funds' objectives "more useful" to investors, such as by avoiding jargon, and will stipulate when a fund needs to disclose that its strategy is constrained relative to a benchmark. The FCA is also proposing that if a fund has benchmarks, they are shown consistently against fund past performance. The working group has consulted on the proposals. Fund managers have until the 5 July 2018 to respond to the consultation paper. Value for money The FCA has extended the implementatio...

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 Investment

How quality investing behaves through the cycle

How quality investing behaves through the cycle

Resilience when it matters more

Joseph Stephens and Laura Neill
clock 14 September 2026 • 4 min read
Why portfolios need to evolve, not revolve when it comes to client outcomes

Why portfolios need to evolve, not revolve when it comes to client outcomes

'As market structures evolve, so must portfolio construction'

Ed Senior
clock 11 September 2026 • 4 min read
What does 'quality' investing actually mean?

What does 'quality' investing actually mean?

Why persistence is the real test

Joseph Stephens and Laura Neill
clock 11 September 2026 • 4 min read