In November 2015, the FCA launched its market study into the UK asset management sector. This was owing to concerns about the effectiveness of the market in providing value for money to institutional and retail clients.
Its final report was published in June 2017 and made a series of recommendations on both the demand and the supply side of the institutional investment market.
PLSA has worked with the full breadth of its membership to engage with the FCA on this issue. We will continue to do so on the programme of work which has come out of the market study, including on cost transparency, institutional investment advice and use of performance and benchmarks.