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FCA Publishes Information To Improve UK Asset Management Industry Competition

The Financial Conduct Authority (FCA) has today published the latest step in its response to the concerns identified through its asset management market study. This is part of a package of remedies to ensure fund managers compete on the value they deliver, and act in the interests of the millions who entrust them with their savings. Today’s publications include: Final rules following a previous consultation, focused on the duties of fund managers as the agents of investors in their funds A consultation on proposed rules and guidance, focused on improving the information that investors get about funds These documents address concerns outlined in the...