Financial Times: Insurers/Fund Managers
February 22, 2022
The Financial Times reported in its Lex column that insurance company-owned asset managers might have a tough time ahead as the industry is seeing rapid changes. According to Oliver Wyman, independent asset managers have been noting significant growth, surpassing their rivaling insurance companies which only oversaw 14% of industry assets in 2020. The industry is also moving away from the old guaranteed policy business towards more lucrative unit-linked investments, putting more focus on DIY investment platforms.
Read the full article here (paywall).