FCA writes to asset managers as part of fund charges review

The Financial Conduct Authority (FCA) is writing to 11 fund groups this week as part of a thematic review into fund charges.

As first signalled earlier this year, the regulator is seeking to examine whether retail investors can understand and compare fund charges and costs amid concerns over the complexity of some charging structures. A spokesperson for the FCA said the review will be more far-reaching than the Investment Management Association's push on cost disclosure. The trade body is seeking to introduce a disclosure regime based around a single "pounds and pence" figure for fund charges. The FCA's own review will seek to analyse all costs charged to the end investor. "We want to get a feel of wheth...