// Consumers Tag

Spring has sprung. And Hope springs eternal.

30 May 2017 Spring has sprung…

...and hope springs eternal

We ran the spring sentiment survey in the last week of April (we waited until after the first round of the French presidential election on 23rd April) until mid May.

In all, there were 84 responses. Fund groups represented 62%, platforms 25% and distributors 13%. The audience was mainly British (77% ) and the rest cross-border.

Economic recovery has been gaining ground in the UK, Europe and the US. Despite geopolitical uncertainty, investor sentiment improved, optimism was in the air and there was a strong uptick in business volumes.

However, caution underpinned everything. The open comments were more restrained and measured than the answers given to multiple-choice questions. This reflects sales patterns since the start of the year. Though Q117 is one of the best on record, there has been a particularly heavy allocation to fixed income.

In summary, over the next 12-18 months fee pressure, crumbling margins and the rise of passive/robo loom very large on the horizon. As does a very expensive MiFID2 exercise.

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Report

01 Nov 2013 Herding cats

It's November already and the pressure is on with our two quarterly publications, the Platform Report and the Distribution Report, due out in the next couple of weeks.  Not that the work hasn't been ramping up already.  Last week I was up in cold, but sunny Edinburgh for Matrix Solutions' annual Financial-Clarity conference, and yesterday the same seminar was held at the Shard in London, so prepping for both has taken some time. You can find a link to my presentation here.

We're in the midst of data collection for the Platform Report. There are always one or two late submissions but the half-term holiday has thrown us off course a little.  We're hoping that we can recover lost ground and publish the report as expected on 6th November, but it's looking unlikely.

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