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The FCA report found firms had “not gone far or fast enough”
The Financial Conduct Authority’s (FCA) recent review of fund managers’ Assessment of Value (AoV) reports makes for “pretty damning” reading and marks a “huge blow” to firms, although the findings are unsurprising to some industry commentators.
The report made for a "very uncomfortable read" for Boring Money CEO Holly Mackay, who said it showed a regulator asking that fund managers "fundamentally re-assess how they report objectives and measure...
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