Keep apace with ever-changing technology
What is indisputable is the issue of 'closet trackers' has long been a serious blight on the reputation of the whole active management fund industry.
The number of multi-asset fund launches has accelerated this year, following the introduction of pension freedoms, begging the question: how many vehicles in the burgeoning sector can thrive or even survive in the longer term?
The retail industry appears to find endless fascination from monitoring inflows and outflows from particular funds and asset management houses.
The news the government and the FCA are to launch a major review into consumer access to financial advice has been widely welcomed.