The Transparency Task Force, of which I’m an Ambassador, has today issued its response to the interim report of the FCA on its study into competition in UK asset management.
Broadly we welcome the report, which we see as, potentially, a watershed moment in the history of UK investing:
“The Transparency Task Force is built on the idea that “sunlight is the best disinfectant”. The FCA’s Market Study, Interim Report, is a glorious ray of sunshine.”
I would urge you to read and share the whole document, but I would particularly draw your attention to our comments on:
The impact of the media
“There are concerns that the business models of some publications may have become over- dependent on revenues from these sectors; so much so that it may be having an impact on what gets written about and how it is covered.”
The impact of unregulated advertising by market participants
“There does not appear to be any regulation or policing of the advertising issued by some market participants. We would like a regime in place that ensures that all advertising by all market participants adheres to a set of rules or codes.”
TTF response to FCA's Asset Management Market Study, Interim Report
Related post:
TEBI’s response to the FCA report
Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.
