View more on these topics

Investment industry moves to tackle ‘complex and costly’ market


A joint initiative between major investment firms and trade bodies has been launched in an attempt to bring down the cost and boost the efficiency of trading and settling in the UK.

The Investment Association, ABI, Tisa, Wealth Management Association, the UK Platform Group is to issue a call for information on how the industry can improve the trading process of mutual funds worth around £874bn.

The group says the combination of 300 distributors and 200 fund managers operating in the UK has created a “complex and costly operating environment”.

It adds while progress has been made, “there are still a myriad of different savings and high levels of manual processing”.

The review will be chaired by Fidelity International head of business development Ed Dymott with Tisa’s Charles McCready as programme director.

Dymott says: “A growing number of firms have been saying for some time there must be different ways in which the fund industry could operate more efficiently. We have now seen a growing consensus that now is the time to engage as an industry to look at what a possible vision for the future may look like.

“Looking at other markets, such as the US, parts of Europe and Asia, there are clearly solutions that help fund managers reduce cost and risk whilst creating better client outcomes. These solutions need to be evaluated.

He adds: “We plan to undertake a full and transparent review where we want to work with any interested providers to help build the solution of the future.”

Investment Association interim chief executive Guy Sears says: “The overall process for trading and settling fund holdings in the UK is disjointed and expensive, suffering from a lack of common industry standards and parts of the process are currently carried out manually.”


FCA logo new 3 620x430

FCA warns of investment scam risk for over-55s

The FCA has found nearly half of people aged over-55 investing in unregulated products do so without seeking professional advice. The study, which is part of the regulator’s Scam Smart campaign, surveyed 2,300 UK residents and found 41 per cent of over-55s had moved money out of savings into investments in a bid to get […]

Daniel Godfrey in talks with investment charity on tackling fund manager pay

ShareAction chief executive Catherine Howarth and former Investment Association boss Daniel Godfrey are in talks over how to tackle incentives structures in the asset management industry. Among other topics the duo will research the underlying design of pay schemes and how remuneration structures work. This will include compiling evidence on agreements between pension funds and asset […]

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm