Gosling's Grouse: A 'quiet revolution' for asset managers

Following FCA Final Report last week

The reaction to the FCA's asset management competition review was always going to be predictable.

Consumer groups - and even former industry practitioners such as Daniel Godfrey, former chief executive of the Investment Association - will welcome elements and claim investors are still being overcharged. Chiefs of asset management firms will welcome it, but will then go back to scratching their heads as to how to run a business in such a challenging environment. But is anything actually changing? And do things need to change in the first place? FCA Asset Management Final Report: Top ten takeaways for the retail industry As regular readers will know, I am no big fan of the rev...