FCA to ‘steer away’ from fund manager fee cap

Added 12th September 2016

The Financial Conduct Authority (FCA) is set to hold back from capping the fees fund manager charge on their products, according to reports.

FCA to ‘steer away’ from fund manager fee cap

The FCA has been conducting a review of the UK’s fund management industry since last year and was due to report its early findings in the summer, now delayed until late autumn.

According to the Sunday Times, sources in discussion with the FCA are saying that the review has steered away from restricting fees, with the regulator taking the view that fee caps alone would not prevent investors from paying over the odds.  

The FCA announced a market study into asset management in its 2015/16 Business Plan, seeking to understand: how asset managers compete to deliver value; whether asset managers are willing and able to control costs and quality along the value chain, and how investment consultants affect competition for institutional asset management.

It highlighted how UK asset management ¬firms hold more assets under management, £6.6trn, than those in any other European nation, and globally, only the US had higher assets under management than the UK.

The final report on the study is due to be published next year.

Kames Income Hub

home_research_centre

Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

Jupiter UK Special Situations
Jupiter UK Special Situations...

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Mark Battersby

Editor, International Adviser

International Adviser

Mark Battersby is editor of International Adviser. He is also programme director for International Adviser events in strategic expat locations around the world, and its flagship FundLinks conference in London. Mark joined Last Word Media in February 2012, having previously worked at Citywire, Interactive Investor International, and FT Business.

Profiles

Viewpoint

Investment Strategy

Feature

Tweets

Events

PA Emerging Markets 2017
PA Emerging Markets 2017

Tuesday 7 February
Bloomsbury Street Hotel, London

PA SRI 2017
PA SRI 2017

Tuesday 21st February
Bloomsbury Street Hotel, London

PA Japan 2017
PA Japan 2017

Wednesday 8th March
Furniture Makers' Hall, London

PA Dublin 2017
PA Dublin 2017

Tuesday 14th March
Westbury Hotel, Dublin

Sponsored Content

Investment Strategy

OTHER STORIES FROM LAST WORD...