FCA's Bailey: More work to be done on fees

Regulator does not want to 'incentivise short-termism”

clock • 3 min read

Financial Conduct Authority (FCA) chief executive Andrew Bailey has said despite "big changes" already taking place in the area of fund fees, more work is required from the industry and the regulator.

Bailey (pictured) said the FCA wanted to "continue the dialogue on value for money" within the sector as part of recommendations made in its recent Asset Management Market Study. Speaking at the Investment Association's annual dinner at Mansion House on Tuesday, Bailey said: "We see that there are big changes already happening in the world of fees, and now seems like the correct time to make sure what emerges is sensible and fit for purpose.  "But we do recognise the challenges and where more work is needed [and] we have further work under way. "We want to continue the dialogue on ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Two convicted over role in £1.5m fake crypto investment fraud

Two convicted over role in £1.5m fake crypto investment fraud

Retrial set for a third individual

Jen Frost
clock 08 November 2024 • 2 min read
FCA urged to add ethical funds SDR label

FCA urged to add ethical funds SDR label

'We will carry on lobbying to try and change the rules'

Cristian Angeloni
clock 07 October 2024 • 1 min read
FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read