Fund managers are 'not credible enough' under value for money scrutiny

Mark Battersby
clock • 2 min read

A clear majority of fund managers have not delivered an adequate value for money assessment that reveals how their funds stack up against fees charged, the Financial Conduct Authority revealed today (6 July). The UK regulator reviewed 18 approved fund managers (AFMs) between July 2020 and May 2021, covering different business models and sizes, to monitor a new requirement to carry out an assessment of value (AoV) at least annually. This measure was put in place after the FCA's Asset Management Market Study found evidence of weak demand-side pressure in the market for authorised funds,...

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