Ryan Hughes: Implementation of FCA's final report will be crucial

The various members of the asset management industry would have been holding their breath as they opened the Financial Conduct Authority's (FCA) final report on its Asset Management Market Study - and, if you had listened closely enough, I suspect you would have heard a collective sigh of relief when they saw the detail. The interim report was fiercely critical of an industry it saw as hugely profitable but uncompetitive. For a sector that is reportedly £7 trillion in size and plays such an important role in the retirement prospects of millions of people, this was a damning verdict from ...