Our views

FCA study a sensible way forward

Andrew Carter, Chief Executive Office

28 June 2017

The Financial Conduct Authority (FCA) has chosen a sensible way forward, both in how it will engage with the industry and with its implementation timetable, taking account of upcoming EU legislation and Brexit. 

At the heart of its proposals stands the customer. As an asset manager owned by a mutual company this is already very much part of our ethos. Transparency is an important guiding principle, which benefits not just consumers but also the industry at large and therefore we support the move towards clearer presentation of costs and charges for consumers.    

As an active and passive manager we are pleased to see recognition that both active and passive strategies are valid and can complement one another in the best interests of consumers.

The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views expressed are the author’s own and do not constitute investment advice.