Fund managers rebel against lower fees

A rebellion by fund managers shows just whose interests they're serving, says Marina Gerner.

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Daniel Godfrey: sparked a spat that matters

Daniel Godfrey, chief executive of the Investment Association the trade body for fund managers has been ousted from his post after various members (most publicly, M&G and Schroders) threatened to walk out. Your immediate reaction to what looks like a tedious industry spat might be: so what? But this matters. Yet again, it makes it pretty clear as if we needed reminding exactly whose interests the custodians of vast sums of our long-term savings (about £5.5trn to be precise) care most about serving. Here's a clue: not yours or mine.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.