Passive fund managers poised to profit from the FCA’s proposals

The Financial Conduct Authority’s report (FCA) revealed that investment companies need to improve their charging structures in order to tackle serious failings in the sector’s treatment of investors and pension funds. Bob steers, co-founder and chief executive of Cohen & Steers tells FTfm that every industry experiences a defining moment, but those who anticipate and position themselves in light of these changes are the ones that benefit.