UK

FCA warns on firms’ readiness for consumer duty – Ignites Europe

The UK financial regulator has warned that some market participants may not be ready for the upcoming consumer duty rules, following an assessment of firms’ implementation plans. The Financial Conduct Authority published its review of how firms are planning to implement the consumer duty yesterday, ahead of its entry into force in six months’ time. […]

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UK firms slash £120m in charges following value reforms – Ignites Europe

UK asset managers have cut at least £120m (€139m) in ongoing charges following the introduction of reforms that require firms to assess the value of their funds. New research by Fitz Partners, a specialist fee research firm, shows that investors in 600 funds have recently been moved to lower charging share classes. view full article

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