The Financial Conduct Authority (FCA) has urged asset managers to move away from using the annual management charge (AMC) as their headline cost, instead pushing for a focus on the ongoing charges figure (OCF).
Following a review of charges across the sector, the regulator said there are two main messages from its work. Firstly, that having both an AMC and an ongoing charge across marketing material may "confuse"...
Good governance v resources
UCITS rules need changing
Old age dependency ratio ‘outdated’
Scope for change post-Brexit
To tackle liquidity issues