The Financial Conduct Authority (FCA) has published its final report in its investigation into the asset management industry. The already well-flagged proposals included a single all-in fee for investors, that the Treasury brings investment consultants into the regulatory arena, as well as a market study into competition within the investment platform market. Shares in UK-listed asset managers were unbothered, although the latter suggestion may have been behind a slight dip in Hargreaves Lansdown (HL.) shares on the day. Our personal finance team discusses the potential implications for investors here.
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