FCA warns of asset manager failings on closet trackers

clock • 3 min read

The UK watchdog has discovered problems with how some asset managers market their funds after finding several actively managed products that in reality closely track benchmarks.

In a thematic review of 23 funds titled 'Meeting investors' expectations', the Financial Conduct Authority (FCA) found that although most UK funds were operated in line with investors' expectations...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Transfer changes 'a start, not the finish line', industry says

Transfer changes 'a start, not the finish line', industry says

Clear and practical guidance ‘essential’ to apply the new framework consistently and with confidence

Jonathan Stapleton
clock 22 July 2026 • 4 min read
SPP urges HMRC to amend draft GMP conversion rules

SPP urges HMRC to amend draft GMP conversion rules

Trade body says changes are needed to protect savers from unintended tax charges

Jonathan Stapleton
clock 21 July 2026 • 1 min read
UPDATE: TPR makes 'no surprises' regulatory pledge as it publishes five-year strategy

UPDATE: TPR makes 'no surprises' regulatory pledge as it publishes five-year strategy

Strategy comes alongside corporate plan and roadmap to give trustees a ‘clear line of sight’

Jonathan Stapleton
clock 14 July 2026 • 6 min read
Trustpilot