The Financial Conduct Authority (FCA) has suggested a raft of measures to improve "weak price competition" in a number of areas of the asset management industry.
In the interim report of its Asset Asset Management Market Study out today, the regulator identified a number of issues which need addressing. In particular, it was critical of "considerable price clustering"...
2019 Survey opens in June
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’