FCA proposes duty on asset managers to act in investors' interests

James Phillips
clock • 2 min read

Asset managers will face a duty to act in the best interests of investors under plans unveiled by the Financial Conduct Authority (FCA) today.

The financial watchdog has launched a consultation on extending the senior managers and certification regime (SM&CR) to almost all regulated firms, and has outlined six new "prescribed responsibili...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

HMRC releases 'crucial' technical note on IHT on pensions

HMRC releases 'crucial' technical note on IHT on pensions

Law firm warns of complexity and risk for families and executors

Jenna Brown
clock 11 May 2026 • 4 min read
TPR launches consultation on revised corporate strategy

TPR launches consultation on revised corporate strategy

Corporate strategy will be driven by a set of six member and market outcomes

Jonathan Stapleton
clock 11 May 2026 • 2 min read
Industry welcomes TPR funding statement but calls for clarity on next steps

Industry welcomes TPR funding statement but calls for clarity on next steps

Industry backs regulator’s call for DB schemes to consider their endgame options and develop surplus policy

Jonathan Stapleton
clock 06 May 2026 • 5 min read
Trustpilot