A key topic of conversation in our part of the market since the implementation of the Retail Distribution Review at the start of 2013 has been the 'institutionalisation' of the retail space and its implications.
In particular, the investment outsourcing trend has concentrated flows into the hands of a much smaller number of gatekeepers, many of whom have been using their increased buying power to negotiate segregated...
Fell 5.1 percentage points
Joins in January 2019
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