Towers Watson investment head: Fund managers deserve higher pay

Ed Francis (pictured) believes asset managers should potentially be paid more than they are currently for their skills, in recognition of the benefit they can provide to clients. Should fees settle at too low a level, fund managers will be forced to run too much money in order to benefit from economies of scale, he warned. In an interview with Professional Adviser's sister magazine Professional Pensions, he said: “If I am a skilled active manager, I should expect to get paid for that skill as there is a benefit to my clients from it. How much should I get paid? Well, I should get paid...