KPMG: Fund groups must evolve quicker or miss business opportunities
'Slow to adapt'
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...
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