/Regulation

MS15/2.3 what you need to do now

Few regulatory updates have had quite the build up of the FCA's Asset Management Market Study Final Report.

Few regulatory updates have had quite the build up of the FCA’s Asset Management Market Study Final Report. Eighteen months of market study, interim findings, industry feedback and the regulator’s considered opinion of that, to be precise.

But here we are. Here, being the business end of 10 remedies outlined in the final report and intended to cure all that the FCA considers to be ailing the asset management market and how it works (or not) for consumers.

Of those 10 remedies, we focus on those aimed at increasing protection for consumers who are less able to find better value for money. That’s not only because they’re important but because the FCA has placed them at the top of its to-do list, in the form of consultation paper (CP)17/18: Consultation on implementing asset management market study remedies and changes to our handbook. Trips off the tongue, no?

Anyway, whether you’re a platform, fund manager, financial adviser or consumer, we outline what you should be doing when it comes to governance, risk-free box profits (we’ll explain) and making sure that investors are in the best value share classes.

MS15/2.3 ME UP PLEASE

A wise choice. It’s free to download and there’s no funny business along the way.

We hope you enjoy the paper. If you think you might need some help to make the changes MS15/2.3 is driving get in touch, we’d love to hear from you.

/ Additional reports

State of the advice nation

State of the Advice Nation is the UK’s best insight into the UK advice profession, taking a sentiment-led approach to data. Wave 6 is now available.

The meaning of value

The meaning of value

We’ve worked together with Royal London to understand what customers actually value.

Impact of poor service

/ White papers

The Impact of Poor Service

We provided the research for a report, in conjunction with Parmenion, which reveals how far short of expectations many adviser platforms are falling. The research found that over the last 12 months, 88% of advisers needed to apologise to at least one of their clients on behalf of a platform, and that poor service delivery from platforms impacts 91% of advisers every day.

Impact of poor service

/ White papers

The Impact of Poor Platform Service

We provided the research for a report, in conjunction with Parmenion, which reveals how far short of expectations many adviser platforms are falling. The research found that over the last 12 months, 88% of advisers needed to apologise to at least one of their clients on behalf of a platform, and that poor service delivery from platforms impacts 91% of advisers every day.

/ White papers

Answering the Call

Service means a lot of things to a lot of different people. It’s so subjective it can be hard to put your finger on. This paper aims to challenge the status quo and inertia that’s built up in the sector for many years.