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FCA launches study of asset management industry 

November 19, 2015

John Bakie, The Trade

The UK’s Financial Conduct Authority (FCA) has outlined details of an upcoming study into competition in the asset management industry.

The regulator plans to focus on three key areas as part of a year-long assessment of the industry; how asset managers deliver value, whether they are motivated and able to control costs, and what effect investment consultants have on competition for institutional asset management.

Both retail and institutional investors will be covered by the study and the FCA also intends to examine whether there are barriers to innovation or technological advances in asset management.

One likely area of focus will be whether asset managers are adopting the FCA’s measures to create more accountability in the way research is purchased. For the past two years, the regulator has increasingly pushed firms to ensure they set strict research budgets and understand the value of the research they are buying. Read more

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