Submission to the FCA’s Asset management market review – terms of reference consultation

The New City Initiative (NCI) welcomes the opportunity to provide comment to the UK Financial Conduct Authority (FCA) pertaining to its asset management market study. At the heart of the study is whether asset management is competitive and delivering fair value to end investors, both retail and institutional. The NCI would like to highlight several areas of concern to the FCA, and potential remedies to these issues, which will hopefully boost competition in the asset management space.