WMA chief: Wealth managers are at mercy of fund groups on costs

'Wealth managers are at the mercy of fund managers on costs'

Laura Dew talks to Wealth Management Association chief executive Liz Field about the biggest issues facing the trade body's members, including EU regulation, suitability, and portfolio costs.

Readying the industry for a raft of new European regulation is no mean feat, but this is the task facing new Wealth Management Association (WMA) chief executive Liz Field. Field took over from Dr Tim May in September 2014. She has 20 years' experience in financial services, but this is her first wealth management role, and she has wasted no time getting to grips with the needs of the WMA's members.  Shortly after taking up the position at the helm of the WMA, Field used its annual conference to announce the launch of a strategic review to assess which issues are most important to memb...