Value for money assessments to drive more consolidation

Could more tie-ups be on the cards?

The past few weeks have shown a continuation of the growing trend seen over recent years among asset managers, namely consolidation.

The number of mergers and acquisitions continues to grow as active managers look to take action to protect their business from the twin and interlinked threats of competition from passive managers and falling market share due to investors looking away from the traditional large asset managers. In some respects, this is not a new trend. Over the past 20 years, there has been a succession of mergers and acquisitions as the industry has evolved from one that has been very fragmented to a more integrated structure focused on the power of distribution. However, over the past few years, the...