Asset Management

FCA’s asset management study: What the City is saying

Regulator is proposing an all-in fee, new independent director appointments and a possible competition probe for consultants

FCA’s asset management study: What the City is saying

The UK's top financial watchdog has published its long-awaited verdict on the state of the UK's £7tn asset management sector, proposing a list of remedies to better protect investors.

These include the introduction of a single all-in fee that includes trading costs, a minimum of two independent directors to fund managers' boards and a possible referral of investment consultants to the UK Competition and Markets Authority.

WSJ Logo
The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.