FCA unveils asset manager fees probe and 'post-authorisation' fund review

The Financial Conduct Authority is to launch a market study on the asset management industry and the charges it levies upon investors, with adviser inducements and non-advised sales also set to come under scrutiny in the coming months.

In its 2015/16 business plan released this morning, the FCA said the issues examined by its asset management review will "include the charges paid by investors, and the factors that drive those charges". The regulator added it will develop other areas for assessment by the review over the course of this year, ahead of beginning the study at the start of 2016. The announcement follows comments by the regulator last month, in which it said competition in asset management is now on its radar. The study will come at a time when the FCA has already stepped up its scrutiny of charging st...