UK: FCA to examine asset management fees, pensions
The UK’s Financial Conduct Authority is to launch a market study on asset management to examine charges paid by investors, the regulator said on Tuesday, as it laid out its business plan for the coming year.
Other areas of focus include examining whether pension firms are helping consumers make the right choices, following an overhaul announced in 2014 which eased requirements on people to buy annuities as part of their pension.
“The business plan is set against the backdrop of the most fundamental changes to pension policy we have seen in over a generation,” said Chief Executive Martin Wheatley.
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