18 Jul 2021
The industry just doesn't care about value
This is the time of year when children receive their end-of-year school reports. It’s fitting, then, that the FCA should have chosen this week to deliver its verdict on the first year of its Assessment of Value (AoV) regime, which requires the fund industry to demonstrate the value for money it provides.
14 Jul 2021
The economics of discretionary MPS are broken.
Financial planning is fundamentally about people, not services. And yet with discretionary MPS we have a group of successful investment managers offering overpriced services that underdeliver on returns, with no pressure to change the situation.