UK asset managers have been "slow to adapt" to increasing regulatory pressures and are missing out on attracting inflows and new developments in technology, as they struggle to reform legacy issues such as fund charges and distribution processes, according to KPMG.
In a new report titled Evolving Investment Management Regulation, the consultancy firm said investment companies around the world need to "fundamentally" adapt their business models in line with growing...
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After strategic review
As annual profits almost double
Industry Voice: One of the most serious problems with GDP is that it fails to measure the impact of economic growth on the planet's finite environmental resources. As economist Kenneth Boulding once put it: "Anyone who believes that exponential growth...