Editor's View: Are MPS solutions under threat from new regulation?

The editor's Friday Night Takeaway from 26 May

Hope William-Smith
clock • 2 min read

There are benefits to be found in the regulator’s idea to align regulation across the wealth and fund management industries.

That being said, there are obvious downsides too, with the Personal Investment Management & Financial Advice Association speaking out this week on what it says is an uncertain future for managed portfolio service (MPS) solutions. Actively-managed multi asset options are hot right now and the news they are under threat proved to be our most popular story this week. While I agree with what the trade body says - that costs will make it economically unviable for firms to offer MPS - I also thought about Consumer Duty. The watchdog wants firms to care just as much about client outcomes as they c...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Editor's View: Firms behaving badly that you can't look away from

Editor's View: Firms behaving badly that you can't look away from

The editor's Friday Night Takeaway from 22 September

Hope William-Smith
clock 22 September 2023 • 1 min read
PA360 North: Two weeks left to secure your place!

PA360 North: Two weeks left to secure your place!

Join us for our specialist one-day management event for advisers 

Professional Adviser
clock 20 September 2023 • 1 min read
Editor's View: The toll of regulation on advisers' mental health

Editor's View: The toll of regulation on advisers' mental health

The editor's Friday Night Takeaway from 15 September

Hope William-Smith
clock 15 September 2023 • 1 min read