FCA's Asset Management Final Report: Top ten takeaways for the retail industry

The key points from this morning's release

As the FCA publishes the Final Report of its Asset Management Market Study, including a regime of "remedies" to improve competition and price clustering in the retail industry, Investment Week collates the top ten key points from the findings.

1. All-in fee As initialy proposed in the Interim Report published last November, the FCA is going ahead with plans to introduce an all-in fee with feedback from asset managers pointing to option B as a clear favourite - which means the current ongoing charges figures (OCF) becomes the actual charge, with managers providing an estimate on any implicit or explicit transaction costs. However, mindful of the incoming MiFID II rules in January 2018, the regulator said further work needs to be carried out and it will consult on proposals later in the year. FCA Asset Management Study: Top t...