The Financial Conduct Authority (FCA) has proposed cutting fund manager fees for the coming year to £56.8m, down from £60.4m for 2015/16.
Asset managers will now pay 11.8% of the FCA's £481.6m annual funding requirement (AFR), which comes after the regulator and its affiliated bodies made efficiency savings that will be passed on to ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
