Responding to the Financial Conduct Authority's (FCA's) Asset Management Market Study, Michael Johnson at the thinktank Centre for Policy Studies has said some 80% of the active investment industry is unnecessary, calling for pension schemes to embrace passive investing.
Commenting on the report, Johnson (pictured) said the consequences of the study for the asset management industry are "potentially devastating, but radical surgery is long overdue". He pointed to the...
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation