Fundscape and the Pridham Report have jointly published the Definitive Guide to the UK Fund Industry 2015, covering all aspects from fund manufacture to distribution.
Despite predictions to the contrary, two years after the Retail Distribution Review (RDR) was introduced, the UK’s fund industry is flourishing. It is now the largest domestic market in the Europe with assets of £753bn, and is larger than the domestic fund markets of Switzerland, Germany, France and Italy.
Further expansion is predicted. Low interest rates, the rising number of baby boomers and the pension freedom that comes into force in April will help to fuel growth. Five-year projections with pessimistic, realistic and optimistic scenarios have been produced in the guide. Bella Caridade-Ferreira, CEO of Fundscape said “UK fund industry assets will skyrocket on the back of this unique combination of factors. Our realistic scenario sees assets rise to £1,449bn by 2019, a compound annual growth rate of 12.8%. In the optimistic scenario, 2019 assets could be in the region of £1,773n. Or even higher.”
... the summer has been and gone and barely a word was written by us. It has to be a good thing that we’re too busy to write this blog, right? With just two of us running Fundscape, we’re pretty much at full capacity so things like blogging, facebooking, tweeting etc come pretty low on the list of priorities. We’re too busy making sure our clients have all the information they need!
The last update was March 2012, a good six months ago, and looking back over previous entries we seem to have settled into a pattern of updating roughly twice a year. Which isn’t a bad thing, as it gives us lots to talk about.
It's been a long time since our blog has been updated, but that's because we've been soooooo busy!
So what have we been up to? Well, back in May we launched our Platform Report, which went down well with both platforms and fund managers. The platforms are particularly keen on our statistics by business segments (institutional, direct, wrap etc) and so we expect this quarterly report to go from strength to strength. We're in the process of talking to various platforms, including D2C ones, and hope to have them on board in the next few months.