FCA review of institutional investors underway

Tracey McDermott, interim Chief Executive of the FCA called on pension funds to critique their fund managers and highlight when they are not getting value for money. She said a survey is underway as part of the regulator’s next steps in its ongoing review of the industry, alongside requests for information that have gone to asset managers, investment consultants and fund platforms. She said: “The FCA wants to build a sophisticated picture of how the purchasers of asset management services review the market. An interim report is expected to be published later this month.
Pension and Lifetime Savings Association fund members will have received an email from Graham Vidler, our Director of External Affairs on 4 March inviting then to contribute to the survey. The deadline for completion is Friday 18 March and the online survey can be found here.

	Jane Dawson Head of Publishing