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Can the FCA enforce value for money in investment funds? We shall wait and see

As we head into the second year of the regulator’s groundbreaking initiative, its success is unassured, and its objectives remain unclear

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Can a regulator create competition? Entering the second year of the Financial Conduct Authority’s ambitious Assessment of Value project, many are unconvinced.

The new process aimed to energise a UK mutual funds industry that the FCA deemed not to be delivering for investors. Non-executive directors were to lead this change, delivering meaningful challenge internally within management groups and reporting publicly on product governance.

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