The FCA published the final report of its Asset Management Market Study on Wednesday 28th June.  This followed the interim report, published in 2016, which found that price competition was weak in a number of areas in the investment management industry. You can read the PLSA’s response to the interim report here and our initial comments on the final report here.

As part of the report, the FCA published its provisional view to reject the Undertakings in Lieu (UIL) of a market investigation reference of the investment consultant industry, and sought feedback from interested parties on its decision.

The PLSA responded on this issue and supported the FCA’s provisional decision to reject the UIL.

The UIL are one aspect of the work that will follow on from the FCA’s market study.  Please contact [email protected] for any further details or if you would like to get involved in our future work programme on this area.