Tom Poulter: Cost or flexibility in the multi-manager arena?

How much we pay for something has always been a talking point in life, from millennials spending too much on avocado on toast to spiralling house prices in the UK. Our industry is not immune from this, and the introduction of MiFID II and the requirements for asset managers to provide value for money assessments has meant that costs have become a greater talking point across the industry. The first thing we need to remember is that everybody will determine value for money differently: one person's bargain is another's rip off. For instance, many people will find it staggering that expert...