LONDON: The UK’s asset management industry may have to make pricing more transparent through an “all-in-fee” for investors after a study by the markets regulator found competition in the market is “weak”.
The UK Financial Conduct Authority (FCA) said in a report yesterday it supports the use of a single fee that includes asset management charges, an estimate of transaction costs and intermediary fees so investors know what they’re paying upfront. The proposals go further than European Union MiFID II rules that are scheduled to take effect next year.