The scale of the challenges facing asset managers is enough to make even an optimistic chief executive feel nervous about the growth prospects for the industry. But there are reasons to be cheerful. This year’s CEO Snapshot Survey reveals that the fund management industry is upbeat about the growth prospects of institutional sales. More than 72% of those surveyed said they expected growth in this segment to be either attractive or very attractive.

The shake-up of the UK's employer pension market is driving this positive outlook, with 35% of survey respondents saying the outlook for DC pensions and diversified growth funds is attractive over the next 12 months.