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...
All-day event on 24 April
Consequences could be more severe than in stress tests
AFH has six segregated mandate funds
Variable operating expenses