Pressure is growing on international regulators to review the way asset managers pay for investment research following the UK Financial Conduct Authority’s move to overhaul the country’s research industry.

The FCA's November announcement that it would clamp down on the practice of using client commissions to pay for research has sparked fears that the UK asset management industry could be put at a global disadvantage. Many asset managers as well as the FCA are pushing for greater regulatory co-ordination in a bid to level the global playing field.