The survey was conducted by Alpha Financial Markets Consulting (FMC), which collated the views of 10 of the UK’s biggest asset managers responsible for £6 trillion in assets.

The report found that 78% of respondents expected to spend more on regulatory concern in 2015, with 89% expecting to devote more time to the issue.

‘It is unequivocal that regulation and its evolving landscape will continue to be a major challenge for the industry,’ the report said.

Continue Reading “The ‘unprecedented’ regulatory burden for UK’s fund giants”