Armchair Critic: The lack of competition in this sector is embarrassing

I've written about a lack of competition experienced by financial advisers, but it seems to me the entire financial services sector is also suffering from - or enjoying - the same thing. If you're looking to assess a sector for an absence of real competition, look for two things: either a very small, or a very large, number of competitors. In this sector, the problem isn't that powerful players create near monopolies, but that there are a huge numbers of providers, even in most sub-sectors. How many funds are there? FE Trustnet starts with 3,205 funds, from hundreds of fund houses, bu...