Investment - Articles - Vanguard comments on FCA market study

 "Vanguard welcomes today’s FCA announcement on its intention to undertake a market study into asset management. Fees for asset management services still vary considerably in the UK financial services industry but we believe the FCA's focus on ensuring end investors get value for money will help level the playing field, increase competition, enable greater innovation and improve choice. This study will hopefully build on UK and international initiatives over recent years that have focussed on increasing fees and costs transparency and removing conflicts of interest from the distribution chain.

 "Vanguard has built its reputation on the principle that costs matter. Common sense dictates that, all other things being equal, a fund with lower total costs will outperform a higher-cost alternative.

 "A more competitive UK asset management industry has the potential to significantly improve the financial well-being of millions for the better. To make this happen, we believe the industry must commit to giving investors a fair deal and a better chance of investment success. Vanguard intends to actively participate in this review, sharing both its insight into the UK market, as well as its experience of other international markets."