The British Financial Conduct Authority relies on asset management

No place for the weak

The UK’s Financial Conduct Authority (FCA) states that there is weak price competition in a number of areas of the wealth management industry.

The FCA started the market study in November 2015 to assess whether the competition is working effectively. The UK wealth management industry is the second largest in the world, managing nearly £ 7 trillion in assets. Over three-quarters of UK households with occupational or personal retirement use the service wealth …

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