Is the pressure off active managers now the Financial Conduct Authority (FCA) has published its competition study and can asset management chiefs take it easy on the beach over the summer?
Well of course not, because the regulator will want to see actions, not platitudes, as it gathers momentum behind its price war. So if the fund management part of the chain has sight of where it is being encouraged to go, will platforms, custodians and fund administrators take the hint and realise they are next in line? Platforms are in an interesting place. They really only exist in such numbers because the regulator made it effectively compulsory for advised business to use a platform. 'FCA has hit the nuclear button': Industry responds to asset management final report And not...
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