The UK Master Trust Equity Story
With growing allocations of private capital into the long-term savings market, small independent Master Trusts offer an opportunity to private equity investors.
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Strategy
MPS Market Landscape: Part 2 – DFM Responses to Asset Manager MPS
Given growing competition from asset managers, what can DFMs do to protect and grow their share of the financial adviser channel?
MPS Market Landscape: Part 2 – DFM Responses to Asset Manager MPS Read More »
ESG is here to stay
Long an institutional focus, ESG is rapidly gaining ground amongst retail advisers helped by regulatory change but also rising consumer demand and product availability. Managers are responding, but as ever it’s a nuanced market.
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Sizing the DB transfer market
The DB transfer market has been a key new source of retail flows in recent years but is under considerable regulatory pressure. Although run rates are well off their peak, underlying dynamics mean that DB transfers should continue to play an important role in new flows.
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UK wealth value chain is gradually contracting
The UK wealth industry value chain has been resilient over the past decade, despite many changes including rapid growth in AUM, the rise of platforms as a dominant method of distribution to consumers, and access to wholesale or institutional pricing from asset managers.
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3 reasons why passive share may top out
The upwards march of passive market share seems unstoppable. But there are reasons to think why, in some institutional segments at least, market-cap passive share may peak soon.
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Advice fees but no service: a question of criminal law
The threat to vertical integration has receded but financial advice is under attack. Ongoing fees underwrite the economics of advice, but if services are not delivered, a crime may have been committed.
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Adviser remuneration reforms
By investigating practices implicit in vertically integrated business models, the Australian Royal Commission report is likely to ask serious questions
Adviser remuneration reforms Read More »