Liontrust chief warns asset managers of threat from distributors

Ions, became chief executive of Liontrust in 2010, said in a company update to the market that distribution networks were once again becoming powerful as there control over fund flows increased. "The changes brought on by RDR should not be underestimated. There may be much focus on price and consumer outcomes but it has also clearly identified that distribution power is now vital," he said. "An even greater amount of fund flows will be controlled by fewer more powerful distributors." Some platforms are understood to be looking to focus on their distribution capabilities, building u...