Gosling's Grouse: Why we need an asset management fight back

It is always dangerous to make predictions for the year ahead, because they are inevitably going to be wrong. However, I believe 2016 could be the most important year the asset management industry has experienced since 1986.

Twenty years ago saw the advent of the Financial Services Act, which eventually came to pass on the original A-Day in April 1998 and established the environment of independent or non-independent advice we have all worked with since. It also marked the beginning of pricing competition within the unit trust industry, which until that point had been set by statute. Over the past 30 years, this has been nibbled at by competition and regulators, with the advent of the RDR being the most recent challenge. So why could this year be more significant than any time since the 1980s? Well, we are...