Higher standards

The fund administration industry is reaping the benefits of scale and, as a result, is undergoing standardisation, according to International Investment's fourth annual survey on fund administration services. The focus by respondents on technology and mass production is one sign of this trend towards standardisation. Moreover, with the pressures of T+1 settlement, 24/7 services and the high level of competition in the market, fund managers are more geared than ever towards outsourcing the administration of funds. However, with the increase in trade volume caused by the advent of internet-...