The FCA has published a report of its finding of a thematic review it has carried out into whether, and how, asset managers are meeting investors' expectations. The aim of the review was to determine whether UK authorised investment funds and segregated mandates were operated in line with investors' expectations, as set by marketing and disclosure materials, and investment mandates. This was assessed against FCA rules and did not focus on fund performance. Although the FCA did identify some examples of unclear product descriptions and inadequate governance or oversight, overall the FCA found that fund management firms are taking the right steps towards meeting investors' expectations and comply with their responsibilities towards investors.