A PYMNTS Company

U.K.: FSA: Fund groups should compete on fees not future performance

By  |  September 26, 2012
U.K.: FSA: Fund groups should compete on fees not future performance

Martin Wheatley, the Financial Conduct Authoritiy Chief Executive Designate, has challenged fund managers to compete on lower fees rather than future performance. According to Mr. Wheatley, fund managers should be working more closely with advisers. He adds that the RDR aims to be a “catalyst” for the industry to focus on the charges issue, but acknowledges that not all costs are down to fund managers. He says that the question of why investment intermediation costs remain high, needs to be tackled.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: MoneyMarket

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.