Under pressure: UK retail fund fees fell by 10% in 2014

Boston Consulting Group's annual global asset management report has revealed that retail fund fees in the UK fell by some 10% last year as price pressures began to be felt in the domestic market.

The report, which looks at the evolution of the global asset management industry in 2014, revealed average retail fees in the UK fell from 60.7bps in 2013 to 54.6bps last year. This drop in retail fees has not been reflected in institutional mandates, however, which saw no change, with average charges already low at an average level of 17.7bps. IA proposes 'meaningful' shake-up of fund fee disclosure Since the Retail Distribution Review (RDR), retail fees in the UK have been under continued pressure. The arrival of unbundled platform pricing at the start of 2014, while less oner...