The Financial Conduct Authority is likely to strengthen rules covering some types of crowdfunding investments following a review of the loan-based and investment-based crowdfunding market.

Andrew Bailey, chief executive of the FCA, told the ABI’s annual conference today that reform of professional indemnity cover for advisers and the way the FSCS is funded are on the agenda for the FCA and he urged ABI members to engage with the regulator on any changes.

The Financial Conduct Authority has found price competition in some areas of asset management to be “weak” and called for an all-in-one fee to help investors evaluate the true cost of investing. The all-in one fee would help investors “easily see what is being taken from the fund.”

A new product levy is to be considered as part of the review of the FSCS, the FCA’s chief executive has revealed.