Asset Management Firms Face Overhaul Of Fund Disclosure After Fca Publishes Market Study | City A.m.
Asset management firms must provide greater clarity for investors to make more informed decisions, the UK’s financial regulator has said. The Financial Conduct Authority (FCA) said today that managers must make fund objectives and investment policy descriptions more useful to investors, and explain how and why funds use particular benchmarks. Read more: A quarter of high net worth investors keep 50 per cent of savings in cash rather than invest Funds that do not use benchmarks will be expected to explain how investors should assess that fund's performance, while performance fees will be calculated after all other charges have been deducted.
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