Tag Archives: Asset management
The bonus culture in asset management.
Asset managers pay themselves big bonuses Now we learn that bonus payments distort the way that active managers trade stocks. Anton Lines ‘ recent paper draws this conclusion from a manager of managers “The paper suggests that active managers … Continue reading
Advisers turn the key to the FCA’s fund governance condundrum.
One of the recent themes of this blog is “What rights we have over “our money”. John Kay’s book – “other people’s money” argues that the money held on account by asset managers should always be considered as held in trust … Continue reading
Posted in pensions
Tagged adviser, Asset management, FCA, Fund, fund governance, Ownership, platform
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Why we can’t dissolve fund management like monasteries
If you had to pay for advice – would you pay for judgement or luck? Con Keating makes an important point in response to my blog, in denial and in disgust it is required by statute to retain an … Continue reading
Posted in actuaries, pensions
Tagged Asset management, Con Keating, DWP, FCA, fund managers, investment consultants, Michael Johnson
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Michael Johnson – 80% of fund management industry is redundant
Michael Johnson has responded to the FCA’s Asset Management Study for the Centre for Policy Studies. Here is his paper is in full. SUMMARY The Financial Conduct Authority (FCA) is to be congratulated on its recent interim Asset Management Market Study. … Continue reading
Posted in pensions
Tagged 80%, Asset management, Centre for Policy Studies, CPS, FCA, fund management, Michael Johnsons, redundant
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Strong on “money”- weak on “value”; the FCA and asset management.
if we believe that asset managers can materially improve the markets whose assets they manage, we need to understand how. Continue reading
Posted in pensions
Tagged Asset management, Asset Manager, FCA, internet, Money, value, Value for Money
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Till we know the “money” – shut up about “value”.
I had a number of meeting yesterday culminating in an afternoon spent with members of the Transparency Task Force (TTF), with the FCA and with certain interested observers. I can report the meeting happened and what was said but … Continue reading
Posted in Management, Pension Freedoms, pensions, Pensions Regulator
Tagged Asset management, assets, Business, charges, costs, Money, Pay, value, Value for Money
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What if? ……Investment reporting for the future…
What if….. when I opened Google Earth and ran the cursor over my home town/county/country , I could see Housing stock being built Brownfield sites being redeveloped Start ups igniting into action Listed companies adapting to a new cleaner greener … Continue reading
Posted in pensions
Tagged Asset management, ethical investment, Investment, investment administration, Legal and General, Marketing, Nigel Wilson, pensions, SRI
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I’m in- who’s out?
I’m serving up a dish which may have gone cold in your inbox or may not have reached you at all. Personally I’m not concerned about opt-out rates, even if they crept above the 9% generally advertised. That Ceridian … Continue reading
Posted in advice gap, auto-enrolment, Bankers, brand, Change, corporate governance, Payroll, pensions
Tagged Asset management, Bankers, BNP Paribas, Business, Business and Economy, Ceridian, dc pensions, Employment, FCA, Government, Insurance, pension, Pension new
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In a muddle about investment management fees
It is a truth , universally acknowledged, that the more money you make, the less inclined you are to tell people how you made it. Continue reading
The true and fair way to “cost” your investments
This machine will increase competition, drive out inefficiencies and increase respect for managers (with an eye to costs ) Continue reading