The unbundling of dealing commissions could have a more significant impact than the Retail Distribution Review on asset managers, with smaller groups and fund ranges particularly at risk, analysts have warned.
A note from Berenberg issued this month said the proposals could result in increased M&A activity, a scaling back of fund ranges, and a 20%-30% hit to industry profitability. The European Securities...
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Spent 56 years at Schroders
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