Softing rules hit small fund managers hardest, says Deloitte & Touche

Up to 5.5% of the market, or £142bn of the £2.2trn total worth of funds under management – estimated as of 2002 - could exit the UK market, D&T forecasts. Its central projection is for about £97bn worth of funds under management (FUM) to exit if existing proposals in CP 176 are implemented by the FSA. Between £24bn to £80bn would exit the group of medium-sized management firms (those with between £5bn to £50bn FUM), while between £28 to £62bn might exit the sector of smaller-sized firms, (those with FUM below £5bn). The segment that would be worst hit would be smaller, non-UK focu...