FCA Publishes Its Interim Report on Its Asset Management Market Study

On 18th November 2016, the Financial Conduct Authority (“FCA”) published its long-awaited Interim Report setting out the findings of its asset management market study (“the Report”). The Report identifies issues and concerns regarding whether the market is providing value to customers, both in the retail and institutional sectors and the FCA has found evidence which suggests that there is weak price competition in a number of areas of the asset management industry.