You can find the statement here - https://www.fca.org.uk/publications/policy-statements/ps18-8-implementing-asset-management-market-study-remedies
Kevin Doran, chief investment officer at AJ Bell, comments:
“The asset management industry is ripe for change. Investors need better choices, better value and better communication from fund providers and so we support wholeheartedly the FCA’s drive to deliver better information and value to investors.
“For far too long, many fund providers seem to have forgotten just whose money it is they manage, hiding behind vague objectives and excessive charges.
“The occasional paper on behavioural remedies for improving consumer understanding and awareness of charges is particularly interesting. Point of sale disclosure is an area we have done our own behavioural research in and it is clear that huge improvements can be made in this area to help consumers. We look forward to engaging with the regulator on this.”