Costs and Competition

'Client outcomes are improved by competition to design and deliver products that can best meet their needs.'

Competition contributes to value generation. In theory, rivalry in a market, the threat of new entrants
or product substitution, supplier power and buyer power combine to encourage innovation and price
competition and will influence the degree of concentration in a market.

People need to be able to compare performance, but it is very difficult to standardise risk usefully and explaining risk-adjusted returns to clients is difficult. We need transparency and competition around standardised reporting approaches.

Read more in our report.

Find out what CFA UK are doing to tackle the challenges and how you can get involved.