Branch² Intelligence
Streamlined rulebook to save asset managers £128m a year
Key takeaway
FCA proposes simplified rulebook for asset managers, saving industry £128m/year.
- Step 1FCA proposes streamlined rulebook for asset managers, saving £128m/year.
- Step 2Lower compliance costs improve profitability for asset managers, particularly smaller firms.
- Step 3Cost savings may be passed on to clients via lower management fees, benefiting SME pension and investment returns.
Source: FCA News
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