On March 3, the UK Financial Conduct Authority (FCA) published a Press Release in which it expresses concern about how investment managers are failing to ensure effective oversight of best execution.

The FCA’s concerns include:

• poor practices not being addressed despite the FCA’s 2014 thematic review on the topic;
• poor use of management information on execution costs and an inability to show any improvement to execution process based on cost data, resulting in ‘box ticking’; and
• compliance staff not being empowered to effectively challenge execution quality.

Continue Reading FCA Highlights Best Execution Concerns at Investment Managers