Asset managers are regaining the initiative

Originally published at: https://whichinvestmenttrust.com/asset-managers-are-regaining-the-initiative-2/

Richard Bradley discusses the future role of asset management in the UK. Pre-RDR (Retail Distribution Review), which came in to effect on December 31st 2012, and which among other things banned product providers paying commission to financial intermediaries, much of the ‘power’ in the market was held by asset managers: they charged the fees and…