Aberdeen Asset Management's global head of distribution Campbell Fleming has said although asset managers may not have welcomed the increased regulatory burden on the back of fund charging reforms, they are essential to ensure the future of the industry.
Speaking to Investment Week ahead of the announcement of the group's proposed merger with Standard Life, Fleming said "pressure on fees is here to stay" but that does not necessarily mean managers need...
0.25% charge on £100,000 investment
Sector launched in April this year
Targeting €1trn AUM by end of 2020
Groups firming up plans
Managed by Jeff Kernagis