Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock • 1 min read

Advisers are expecting more from asset managers since the introduction of the Consumer Duty regulation last summer, according to Legal & General Investment Management (LGIM).

Fund manager Andrzej Pioch told Professional Adviser this interest is likely around service communication and information provision. "One thing we are already seeing is that in the past when we met with advisers, we were talking about multi-index funds, why they are great, and what they are designed to do. Now however, these conversations are very often also cantered around how we complement other solutions." Pioch continued: "We really need to understand how we fit into the centralised investment proposition of an adviser and be much closer to how they are actually using us." On t...

To continue reading this article...

Join Professional Adviser for free

  • 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 Investment

Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read
FCA issues warning notice to Neil Woodford over liquidity failings

FCA issues warning notice to Neil Woodford over liquidity failings

The firm failed on four accounts between 2018 and 2019

James Baxter-Derrington
clock 11 April 2024 • 2 min read