Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), said imposing a fee cap on investment funds would be a measure of 'last resort', as it is not an effective way to drive competition in the market.
During a press conference on the FCA's Asset Management Market Study released today, Bailey (pictured) highlighted the key issues identified by the regulator as it investigated the industry's ability to...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress