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Automation up, cost down

Automation up, cost down

Why is the UK funds industry looking at restructuring now?

The momentum is coming from the government’s Retail Distribution Review (RDR), which aims to increase consumer protection levels in the financial market.

The review has turned the spotlight on the cost structure in the UK funds industry which is unnecessarily high. These costs stem from the huge amount of manual checking and reconciling involved as fund managers and distributors attempt to reconcile huge numbers of bilateral transactions using spread sheets.

 

We believe that it will become the norm to issue funds   into the CREST system so that funds products can be processed efficiently and cheaply in the same way as bonds or equities.

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