Transparency Symposium focusing on the FCA Asset Management Market Study, Final Report

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Transparency Symposium focusing on the FCA Asset Management Market Study, Final Report

Wednesday 5 July @ 10:30 am - 5:00 pm

Andy at TTF would like to invite you to book your place at the next Transparency Symposium, being held on Wednesday 5th July, in London, all about:

"The Financial Conduct Authority's Asset Management Market Study, Final Report"

Keynote speakers are senior representatives from the Financial Conduct Authority itself.

When the FCA's Interim Report was published in November 2016 it sent shockwaves throughout the pensions and investments industry as their research and analysis suggested that the asset management industry was falling short on many fronts, with several serious issues highlighted.

In their Interim Report, the FCA explained they had identified several ways in which asset management products and services could work better for retail and institutional investors and they proposed ground-breaking remedies such as:

  •   A strengthened duty on asset managers to act in the best interests of investors, including reforms that will hold asset managers accountable for how they deliver value for money, and introduce independence on fund oversight committees
  •   Introducing an all-in fee approach to quoting charges so that investors in funds can easily see what is being taken from the fund
  •   Helping retail investors identify the best fund for them by making it easier for retail investors to move into better value share classes; requiring asset managers to be clear about the objectives of the fund and report against these on an ongoing basis; clarifying and strengthening the appropriate use of benchmarks; and providing tools for investors to identify persistent underperformance.
  • Requiring clearer communication of fund charges and their impact at the point of sale and in communication to retail investors.
  •  Requiring increased transparency and standardisation of costs and charges information for institutional investors.
  •   Exploring with government the potential benefits of greater pooling of pension scheme assets.
  •   Requiring greater and clearer disclosure of fiduciary management fees and performance.
  •   Consulting on whether to make a market investigation reference to the Competition & Markets Authority on the institutional investment advice market.
  •   Recommending that HM Treasury also considers bringing the provision of institutional investment advice within the FCA’s regulatory perimeter.

The FCA then sought comment from the industry and their long-awaited Final Report will be of enormous interest to all types of market participants, thought-leaders, industry commentators, academics, Civil Society groups, pro-consumer campaigners, policymakers and politicians.

Our Transparency Symposium will be a first class opportunity to learn the extent to which market reaction and professional lobbyists have influenced the FCA’s thinking, with many wanting to know whether the FCA will be standing firm on their proposed measures or whether the industry has been successful in getting them watered down.

There will be ample opportunity to put questions and provide comment to the FCA; and to discuss and debate the issues they raise.

Demand is expected to be particularly high for this event and places are limited so please book yourself onto it without delay:

Click here for details about our Transparency Symposium on 5th July, in London, all about the FCA's Final Report

Highly relevant to AMNT members, tickets are £150 AMNT members can attend for free, but you need to be quick as there are a limited number of free tickets.

 

 

Details

Date:
Wednesday 5 July
Time:
10:30 am - 5:00 pm

Venue

IG Group
Cannon Bridge House 25 Dowgate Hill
London, EC4R 2YA United Kingdom
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