| Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. For asset managers these days, the biggest question is not how to boost fees but how to keep from cutting them. And that poses a huge problem for an industry that has struggled to cut costs during a period of booming markets and growth in assets under management. According to a blue paper released Wednesday by Morgan Stanley and Oliver Wyman, industry costs have remained stagnant for the past five years. With fee pressure meaning less in revenue per dollar of assets under management, something's going to have to give. That's especially true given the risk of what the authors call "disruption in the distribution layer." Right now, fee pressures are mounting despite a distribution model for mutual funds that supports higher fee structures. But an "Amazon-type marketplace" could cut asset-management fees in half — and some of Wall Street's biggest names could take a huge hit. Here's our story. Elsewhere in finance news: In retail news, Amazon just accidentally revealed its next plan for Whole Foods in a job posting. The US is at risk of becoming a "demographic time bomb" — and it may have contributed to Toys R Us' demise. And Best Buy's CEO says he uses five criteria to decide whether someone's a leader. In tech, Spotify's free version loses so much money that it takes 12 months for a paying user to cover the cost of the free music they previously listened to. | 
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