The Financial Conduct Authority (FCA) released a damning assessment of the asset management sector last week, claiming passive funds are underrepresented and undersold to investors in comparison with actively managed vehicles.
In its Asset Management Market Study, among other comments, the regulator said around £109bn of assets are sat in actively managed funds that charge higher fees but closely mirror passives in terms of...
Feasibility study due
'Let’s be bold enough to demand change'
Joint life second death option added to relieve tax burden on couples gifting assets
Backed by Schroders, LGIM and the IA
New system for funds without without three-year track record