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.”

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