The Mumble: Towards a new SSA business model

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The Mumble: Towards a new SSA business model

November 02, 2012 12:00 AM
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UBS shut down its SSA business because it decided it could no longer afford to take part in such a low margin, capital intensive business. If all that comes of this is a temporary patch-up job in the form of increased fees, it will be an opportunity missed to find long-term fixes for the market’s ills.

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