Skandia is poised to shake up the managed portfolio market with its suite of cut-price model funds, as the first look at WealthSelect reveals half the restricted range is priced at less than 60bps.
New entrants to the UK asset management market face stiff competition from established providers, but with barriers to entry falling, more and more European firms are entering the fray.
New data has shown equity funds have been impacted to a far greater extent than bond funds in terms of price following the move to unbundle product fees.
Total expense ratios (TERs) of 240bps for a combination of adviser fees, discretionary management charges, platform costs and fund manager fees are 'unsustainable' and will likely be driven down, according to Schroders head of UK intermediary Robin Stoakley....
Vanguard has moved to reduce prices on its emerging market and global bond trackers as price competition in the passive space heats up.
Boutique asset manager City Financial is targeting two multi-manager firms as it looks to expand its business through further acquisitions.
Liontrust AM's chief executive John Ions expects John Husselbee's Wealth Solutions service to become a significant part of the business over the next few years, following the takeover earlier this month.
Lawrence Gosling analyses the regulator's stance on price and value, and why the former should not outweigh the latter.