FCA Asset Management Market Study: Top 10 takeaways

Feedback and final rules

clock • 4 min read

The Financial Conduct Authority (FCA) has published a policy statement announcing its feedback and final rules on its Asset Management Market Study. Here, we look at the ten key points

Final policy Value rule The FCA has extended the implementation period for fund managers to explain their products' value from 12 to 18 months. Following feedback from fund managers, which argued the draft rules were too focused on assessing charges rather than the overall value of a fund, the new rules will require fund managers to carry out an assessment - which must explicitly include fund performance - and publish an annual statement describing it. The new rules will take effect on 30 September 2019. All-in-fee As set out in the final report, the FCA confirmed it wants as...

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

FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read
Advice/guidance boundary review will help 'bridge advice gap'

Advice/guidance boundary review will help 'bridge advice gap'

The FCA’s latest update leads to mixed reactions from the industry

Sahar Nazir
clock 04 August 2023 • 4 min read
FCA review confirms investment pathways working 'as intended'

FCA review confirms investment pathways working 'as intended'

No changes to initiative but industry called to better support savers

Holly Roach
clock 12 July 2023 • 3 min read