Asset Management

Here comes the judge: Fund managers nervous as FCA readies a verdict

There's some suspicious evidence around fund fees but the industry has entered a plea of Not Guilty

Old Bailey renders judgment: Will the FCA's Andrew Bailey find managers guilty?
Old Bailey renders judgment: Will the FCA's Andrew Bailey find managers guilty? Photo: Credit: Russ Tudor

Will the industry get a suspended sentence? Or some years breaking rocks on Alcatraz?

It's no surprise that there's nervousness among asset managers in the run-up to the FCA's interim report into consulting and fund management - both retail and institutional - due to be published before the end of the year, probably in November.

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