Fund chiefs criticise FCA probe into fees

Regulators move follows review of conflicts of interest in the sector

Asset management chief executives have criticised plans by the Financial Conduct Authority to probe their fee structures. The investigation follows an unpopular FCA review of conflicts of interest across the sector.

The FCA's new business plan says: "Overall charging structures have become more complex. There is evidence that fee structures exploit consumers' behavioural bias, a key cause of risk.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached