Funds Europe reports an "above-expectation growth in fee revenue" in the UK asset management industry. This trend is predicted to continue while costs incurred by UK asset management firms are likely to decline slightly.
The profits go towards covering the pay of the growing number of employees in the sector. Mark Pugh (PwC) marvels at the positive forecasts for demand, both on the side of retail (individual) investors and institutional players. So much for the “good” news.
BETTER FINANCE would like to stress that this much-appreciated increase in revenues far too often comes from the pockets of small investors and savers. To learn more about the questionable benefits of asset management for the end user, read our report released on 29th September 2014.