If the asset management industry is to see sales flows head upwards once more, writes Mike Barrett, it needs to start creating products clients can understand - especially where income is being drawn down in retirement
The latest Annual Asset Management Survey from the Investment Association (IA) is, as usual, a treasure trove of interesting analysis and market trends. For starters, total assets under management for the trade body's members is now an eye-watering £5.7 trillion - that's 12 zeros don't you know. Assets managed in UK authorised funds rose 4% over the last year - to £872bn. Taking into account outsourcing activities, more than 90,000 people work in asset management so it is clear the industry supports a significant number of jobs in all regions of the UK. Within the UK fund market, net ...
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