Asset Management

FCA mulls overhaul of fund value reports

Axing reporting requirements will lead to ‘significant cost saving’ for almost 150 firms, City watchdog says

Assessment of value reports were introduced by the UK regulator in 2019 in an effort to provide more detailed information on performance and charges to investors
Assessment of value reports were introduced by the UK regulator in 2019 in an effort to provide more detailed information on performance and charges to investors Photo: Hollie Adams/Getty Images

The Financial Conduct Authority plans to scrap a set of reporting requirements for UK funds in a bid to streamline “onerous” value assessments.

FCA rules introduced in 2019 force asset managers to produce annual reports on whether their funds and the fees they charge offer value for retail and institutional investors. 

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