The investment management industry continues to experience good levels of growth through:
- Mandated superannuation contributions
- Strong domestic equity markets
- Continued penetration by the funds industry into the savings markets
- A continuation of innovative product design to meet the needs of an increasingly savvy investing public and their advisers
Increased competition has meant lower management fees and charges – which has made the desire to deliver the best client service even more challenging. The legislative and regulatory framework governing investment management, product distribution and advice has become more comprehensive and the regulators have become more active in enforcing compliance. The industry will need to deal with challenges such as unit pricing, super choice and legislative requirements while still being able to deliver innovative products and returns to their investors.
Investment Management challenges
Unit pricing
Recent high profile unit pricing errors and the release by APRA and ASIC of the Guide to Good Practice: Unit Pricing, has lifted the bar in ensuring unit pricing practices are robust and effective. After reading the Guide, the next step for organisations is to consider the practical implications that arise. Peter van Dongen recently chaired a Unit Pricing Symposium on this area including speakers from APRA, IFSA, the legal professional and industry.
You can view the presentation here.
