Industry reacts to FCA study: Fund rationalisation, significant costs and 'immoral' profits

Key proposals include an 'all-in' fund fee, with four options for how this might work in practice, and improved communication about charges and their impact on performance. In addition, the regulator suggested a range of potential remedies to help investors consider whether to switch away from poorly-performing funds, especially closet trackers. FCA Asset Management Study: Top ten takeaways for retail industry These include the FCA ‘shining a light' on funds with long-term underperformance, or asset managers being required to tell investors when their products are underperforming r...