DFMs hindering trust take-up on platforms
Discretionary fund managers’ lack of willingness to use investment companies in model portfolios is hindering their adoption on advised platforms, according to the Lang Cat.
Discretionary fund managers’ lack of willingness to use investment companies in model portfolios is hindering their adoption on advised platforms, according to the Lang Cat.
St James’s Place’s partnership with Neil Woodford is unlikely to end any time soon, despite many discretionary fund managers and platforms dropping the star fund manager on underperformance.
The UK’s pension transfer boom could be over, according to research by financial services consultancy firm The Lang Cat.
Most advised platforms are relying on “inefficient” and “old school” processes and are a long way off from a fully digitalised service, a new study by the Lang Cat has shown.
Approximately 90% of the £519bn assets held on adviser platforms are subject to disruption from a major business change, according to the Lang Cat.
Platforms’ market dominance has declined over the past year, according to the Investment Association’s (IA) January statistics.
Platforms have spurned the gift of the retail distribution review (RDR) and are dead, according to Mark Polson, founder of financial services consultancy The Lang Cat.
Some of the biggest names in UK retail are charging investors nearly double the ongoing charges figure (OCF) of their funds, Mifid II regulations have brought to light.
Discretionary fund managers (DFMs) need to considerably up their game on transparency if they are to meet the ongoing trend for advisers to outsource investment decisions and the regulatory demand from Mifid II, research has found.
New analysis by the Lang Cat has highlighted the opaque nature of portfolio management fee structures used by many discretionary fund managers