The current pressures facing asset managers have created a tipping point in the financial services industry.
From the ever-increasing regulatory compliance – with Consumer Duty, Sustainability Disclosure Requirements (SDR) and Overseas Funds Regime (OFR) being the latest, and largest, pieces of financial regulation introduced over the last 12 months – to rising business costs and competition, asset managers have had to rethink what their future looks like in the sector. Indeed, a study from PwC last year forecast that as many as one in six asset management groups are likely to disappear from the industry over the next two to three years as a result of lower fees and higher turnover, mostly driv...
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