Market study terms set for £6.6tr asset management sector

Asset managers will soon be approached by the Financial Conduct Authority, which is collecting data on competition for its market study on the sector. With the aim of publishing an interim report in the Summer and a final one in early 2017, the regulator is now researching both the retail and institutional sides of asset management. Earlier research into the market – which manages £6.6 trillion of investments – has indicated that investors have difficulty monitoring the performance of managers and ensuring value for money.