Dan Brocklebank: Time for asset managers to feel their share of the pain

The initiative by the Financial Conduct Authority (FCA) to improve investor outcomes is a refreshing and much-needed step in the right direction. In particular, we fully support the regulator's objective of enhancing the value for money investors receive from their asset managers. The FCA and the industry should work together to encourage, identify and promote fresh thinking on ways to better align the interests of investment managers and their clients - especially regarding fee structures. Consider the problem highlighted on page 93 of the FCA's Interim Report: "The prevailing fee mo...