Investments  

FCA demands bigger concern 'for asset managers than advisers'

"Working with individuals from asset managers, I know their desire to create good outcomes for clients is absolutely key to the work that they do. My concern is that a lack of data and real consumer insight might make complying with the Dear CEO letter a difficult and daunting task.

“Asset managers will need to dust off the Prod rulebook and decide whether they are doing enough to meet the needs of an increasingly forceful regulator.”

david.thorpe@ft.com

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