Editor's View: Are MPS solutions under threat from new regulation?

The editor's Friday Night Takeaway from 26 May

Hope William-Smith
clock • 2 min read

There are benefits to be found in the regulator’s idea to align regulation across the wealth and fund management industries.

That being said, there are obvious downsides too, with the Personal Investment Management & Financial Advice Association speaking out this week on what it says is an uncertain future for managed portfolio service (MPS) solutions. Actively-managed multi asset options are hot right now and the news they are under threat proved to be our most popular story this week. While I agree with what the trade body says - that costs will make it economically unviable for firms to offer MPS - I also thought about Consumer Duty. The watchdog wants firms to care just as much about client outcomes as they c...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Partner insight: Client needs, investment process and principles: What comes first?

Partner insight: Client needs, investment process and principles: What comes first?

As advisers shift to a solutions-based approach, how can they ensure they continue to place customer needs first?

Ken Scott, head of investment solutions at Royal London
clock 03 September 2024 • 2 min read
Editor's view: A cause for celebration

Editor's view: A cause for celebration

The editor's Friday Night Takeaway from 19 July

Jen Frost
clock 19 July 2024 • 2 min read
Editor's View: A fond farewell and a thank you from me to you

Editor's View: A fond farewell and a thank you from me to you

The editor's Friday Night Takeaway from 12 July

Hope Coumbe
clock 12 July 2024 • 2 min read