ESG factors decline in selection of MPS provider
The survey also showed that importance of MPS performance is 'more important than ever', reaching its highest level since the survey began three years ago.
The survey, which interviewed 126 discretionary fund managers and 169 investment advisers, found that compared to 2020, ESG availability and suitability have dropped by 13 percentage points and three percentage points, respectively.
Meanwhile, the adviser back-office system was one of the least selected by respondents, with 16% saying it was a key feature.
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RSMR found that the most often cited key features of a good MPS provider cited was performance (83%), followed by charges (79%) and availability on platforms (69%).
It also found that advisers are placing significantly more emphasis on an established brand and reputation in an increasingly competitive market. This was highlighted by 31% of respondents, a rise from 23% in 2022.
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