FCA says UK’s £7tn asset management industry needs radical reform | Business | The Guardian

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Investment managers must make charging more transparent and improve governance, says City regulator Britain’s £7tn asset management industry must introduce sweeping reforms to cut costs and improve returns for savers after years of raking in sustained, high profits, the City regulator has said. Publishing the final findings of its asset management market study, the Financial Conduct Authority said greater transparency and better competition was vital in a sector relied on by millions of people .  show all text

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