The growing managed portfolio service (MPS) industry is likely to be faced with a bottleneck situation thanks to lacklustre technology, Legal & General Investment Management (LGIM) warns.
Speaking to Professional Adviser, fund manager Francis Chua said there are lots of "plumbing and piping" issues for the MPS industry. "There is a challenge around technology and platform advancement," he explained. "As the industry grows, this will become more obvious. "UK listed and Irish domiciled funds are friendly to UK platforms, but exchange-traded funds (ETFs) should also be friendly." Chua said the exclusion of ETFs from MPS solutions could hamper their popularity. "At the moment, platforms have a wide variety of building blocks, but if you compare it with the whole univ...
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