KPMG: Fund groups must evolve quicker or miss business opportunities

'Slow to adapt'

Daniel Flynn
clock • 4 min read

UK asset managers have been "slow to adapt" to increasing regulatory pressures and are missing out on attracting inflows and new developments in technology, as they struggle to reform legacy issues such as fund charges and distribution processes, according to KPMG.

In a new report titled Evolving Investment Management Regulation, the consultancy firm said investment companies around the world need to "fundamentally" adapt their business models in line with growing pressures on transparency, technological innovation, communication, and cost regulation. "Investment firms have the distinct sense of someone breathing down their necks. This is uncomfortable and at times frustrating, but firms need to respond constructively to this closer scrutiny. "While [they] struggle to address legacy issues like fund charges and distribution processes, they risk ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Trustpilot