We look at the impact of the FCA's interim report on Fiduciary Management.
The Financial Conduct Authority (the regulator of financial firms in the UK) is looking into the competitiveness of the asset management industry in the UK. Their aim is to ensure the market works well and that the investment products consumers use offer value for money.
In November 2016 they published a comprehensive interim report. The report investigates many areas of the asset management industry including Fiduciary Managers, and will be followed by a full report in 2017.
The FCA is inviting comments by 20 February 2017. The full document can be found at: www.fca.org.uk/publications/market-studies/asset-management-market-study.
The report is wide ranging and we have considered here those areas we believe to be of greatest relevance to Fiduciary Management.