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...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

 Jeremy Hunt announced the Spring Budget on 15 March. Picture by Simon Walker / No 10 Downing Street

Costs of reinstating LTA after abolition 'should not be underestimated', says SPP

Industry body says reinstatement would increase both complexity and costs

Jonathan Stapleton
clock 03 October 2023 • 3 min read
Responses should be sent to the DWP's general levy consultation team at Caxton House

DWP consults on options for further hike in general levy over three years

Move comes in bid to plug expected deficit of £205m and to fund increasing activity

Jonathan Stapleton
clock 03 October 2023 • 3 min read
Starks: Administrators viewed as an important channel for oversight of smaller schemes

DWP urged to assess case for formal regulation of pension scheme administrators

Independent review says current regulatory engagement is ‘unsatisfactory half-way house’

Jonathan Stapleton
clock 02 October 2023 • 2 min read
Trustpilot