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Private equity frenzy in wealth management catches the FCA’s eye

The FCA has asked advisers to weigh in on the possible risks to investors from PE ownership of an increasingly large proportion of the market

Schroders chief executive Peter Harrison questioned whether the UK’s governance regime needed to be overhauled in the face of the ‘raid’ on UK Plc from PE groups
Schroders chief executive Peter Harrison questioned whether the UK’s governance regime needed to be overhauled in the face of the ‘raid’ on UK Plc from PE groups

As private equity firms continue to march into the UK wealth and asset management sectors, eyebrows are being raised at the FCA about where the market might end up.

According to Refinitiv data, the UK this year has already seen more than 400 PE deals across all sectors worth nearly $50bn – the highest first-half volume in more than two decades.

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