Gosling's Grouse: Why new Godfrey trust should not be seen as attack on the industry

Much is spoken about 'disruption' in asset management with little being achieved, largely because it is a sector where regulation mitigates against fundamental change.

Arguably, when we speak about disruption we are looking around trying to spot the next Google or Apple. My advice would be not to waste too much time looking at these, disruption has been around for decades.   In our industry, it started with PEPs (Personal Equity Plans) in the 1980s, quickly followed by discount brokers and, more recently, auto-enrolment, pensions freedom, and RDR. Despite all this, the penetration of savers with stockmarket-based investments is low - particularly when compared with the number of people who have mobile phones in the UK, or use search engines. Why?...