Two-thirds of advisers 'struggle to manage' in-house investment

In research that interviewed 107 financial advisers, 64% said it will be much harder to keep investment management services in house over the next two years. This comes after research from consultant the lang cat which found disparate fund charging data and reporting shortages on discretionary fund management (DFM) and multi-asset products make it almost impossible for advisers to compare providers and select the most suitable option for clients. The reasons advisers gave for opting not to manage investments in house were varied. Some 82% blamed due diligence demands, 63% said they ne...