Gosling's Grouse: Lazy benchmarking won't help industry competition

clock • 2 min read

One of the Financial Conduct Authority's (FCA) interesting suggestions in its Asset Management Market Study is the idea of independent oversight committees.

I say 'interesting' because, like a lot of the discussion in the report's 270-odd pages, it requires a bit of reflective thought to assess the real impact. For the regulator, part of the role of this committee or body would be to shine a light on 'index huggers'. Indeed, the regulator seems a little bit over-exercised to my mind with benchmarks, and how closely or otherwise funds stick to them. Industry reacts to FCA study: Fund rationalisation, significant costs and 'immoral' profits In fairness, it talks about funds adhering to their broader investment objectives and principle...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot