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Price is not right

Would any reader accept a system that denied the point of his or her existence? This is not the FSA&#39s intention but it is close to where it has ended up with the publication of its fund manager league tables based solely on price.

Managers also fear that, with the inclusion of several price filters, investors are being “advised” to take a particular course. Price transparency should almost always be welcomed but fund managers should not have to accept a system that could undermine the public&#39s faith. The FSA must be careful that in its zeal for transparency it does not mislead investors.

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