FCA proposes fee shake-up in funds to boost value for money

The Financial Conduct Authority has proposed a single fee for investors in funds, and launched a consultation into whether the investment consultancy market, which advises funds on asset manager selection and investment products, should be referred to Britain's Competition and Markets Authority for a full blown anti-trust probe. "We want asset managers to ensure investors receive value for money through pursuing energetically their duty to act in their customers' best interests," FCA Chief Execu