A policy statement for the first set of remedies outlined in the Financial Conduct Authority (FCA) asset management market study will be released by the end of March.
These remedies, which the regulator consulted on last year, include measures to improve governance such as strengthening obligations to act in the best interests of investors, changes to existing guidance to enable investors to move into better value share classes. Speaking at the Association of Member Nominated Trustees' spring conference on 28 February, FCA head of wholesale investments competition Robin Finer said the policy statement for the first set of remedies will "outline the rules the watchdog will put in place." Finer also revealed that a consultation paper for the second s...
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