The proportion of assets managed by independent managers in the UK has more than doubled over the past decade, according to the latest Investment Association(IA) annual survey. It revealed the proportion of assets run by independent managers has grown from 15% in 2003 to 41% in 2014. The number has also risen from 37% in 2013, reflecting a drop in the number of asset managers owned by insurance companies in particular. [Source: www.investmentweek.co.uk – September 14, 2015]
