Fund groups must put investors first … and prove it – FT

The UK financial regulator’s landmark report into the asset management sector in 2017 sent a scathing message: fund fees are too high and investment companies fail to give good value to investors.

[…] the FCA has set out seven value-assessment criteria that boards need to consider. These include performance, costs and comparable market rates as well as qualitative factors such as quality of service.

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