The Financial Conduct Authority (FCA), the financial services regulator, is to introduce new rules that will make asset managers be more transparent about how they invest and provide more information on comparing funds' performance against benchmarks. The new rules are the outcome of an in-depth study of the asset management industry which began in 2015, and will come into force in three months' time for new funds and six months for existing funds. These rules follow changes to the way fund fees are disclosed.
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