SOMETHING FOR THE WEEKEND
There was a big development in the UK this week, with the Financial Conduct Authority announcing a review of the value (or lack of it) provided by the asset management industry. There’s been plenty written on this, but here are my highlights..
UK fund managers brace for hit to business model (Madison Marriage & Chris Newlands)
Costs and charges are designed to confuse — ousted IA chief (Daniel Godfrey)
And this article includes a great infographic that encapsulates why there’s so much at stake:
UK funds under management at record £6.8trillion, 60% above pre-crisis peak (The Economic Voice)
What you may have missed..
It’s also worth reading this two-part interview with Craig Lazzara if you haven’t yet..
What else I’ve been reading..
Do people want to be fooled? (Michael Batnick)
5 things smart beta CAN’T do for you (Josh Brown)
Making predictions is easy. Managing money is hard (Ben Carlson)
Have a safe and restful weekend.