The UK asset management industry is facing unprecedented challenges: the rise of index solutions and commoditised investments, institutional-type pricing, competition form cash and annuities, not forgetting, of course, the impact of the cost-of-living crisis on investors.
Any asset manager operating in the intermediated market should be asking what is the direction of travel? What will tomorrow’s advisers look for and recommend? What is the impact of regulation on buying trends? The implementation of Consumer Duty has already seen changes to buying behaviours and this will accelerate as more monies are placed in investment solutions.
Published in Q1 2024, The Essential Guide to UK Fund Distribution 2024 provides the answers to many asset managers’ pressing questions on the future of distribution. This 122-page review of the UK retail wealth management includes in-depth interviews with 34 senior industry professionals from the advice, wealth and asset management sectors conducted by Steve Kenny, independent asset management consultant and adviser.
Bella Caridade-Ferreira, CEO of Fundscape said, “We have mapped the landscape as a whole, with extensive reviews of each channel and the key drivers of change. The UK distribution landscape currently stands at £1.3trn, of which the largest channel is advice (£560bn). Ongoing demand for advice remains strong, despite short-term shocks that affect investor sentiment. It is therefore no surprise that private equity (PE) houses are investing heavily across the retail investment market — we expect the retail wealth management industry to grow to £2.2trn (realistic scenario) by 2028.”
Steve Kenny, CEO of QD Consulting said, “We conducted 34 interviews, 17 of which were from asset management and 17 from DFMs/advisers providing a frank outlook on the market. They highlighted seven major asset management trends that will gain momentum in the next three years with huge implications for asset managers and the size and shape of their sales teams.”
Published in Q1 24 with data as at December 2023, The Essential Guide to UK Fund Distribution 2024 provides fund groups with comprehensive information on the size and scope of the market, trends and drivers, growth forecasts and scenarios, highlighting the likely direction of future travel and more. To view an extract of the executive summary and the table of contents visit: https://fundscape.co.uk/wp-content/uploads/2021/08/Essential-Guide-to-Distribution-2024-contents-and-exec-summary-extract.pdf
