FCA Asset Management Study

Facing numerous industry pressures

67% of Tier 1 funds outperformed

FCA study could result in 'unexpected consequences'

Research costs to be taken by business

Ahead of awards later this year

Regulatory burden 'insurmountable'

One-off costs of £6.7m

HL down 3.14%

The key points from this morning's release

Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), said he expects to see improved competition within the asset management industry as a result of the regulator's package of 'remedies', which will ultimately lead to lower management...