The Financial Conduct Authority has criticised the “weak price competition” among asset managers, attacking actively managed funds for failing to outperform their benchmark once fees have been taken into account.
Taking part in a survey conducted by Cofunds, 60% of advisers revealed that their businesses are more economically viable than 18 months previously, despite more stringent regulations and significant changes to pensions landscape. Paul Stanfield, chief executive of the Federation of European Independent Financial Advisers, said that increased profitability was unsurprising and showed that advisers…
Regulations should be pared down and costs reduced to foster a competitive and sustainable adviser market, a report compiled by APFA revealed.
