Industry figures have responded to the FCA's Asset Management Market Study with cautious optimism, welcoming the regulator's call for greater fee transparency - but have also warned an "all-in" fund charge could have unintended negative consequences.
In its Asset Management Market Study released late last year, the FCA proposed an 'all-in' fund management fee, with four options of how this could work in practice, alongside a raft of other proposals...
Growth driven by platform business
No preferred charging model
To 1,552 families and businesses
HL and Liberty SIPP slowest
Lifetime and annual allowances