How are providers shaping their post-Brexit response?

Three months on from the Brexit vote that sent shockwaves through the City, asset and wealth managers have had time to reflect on the result, which is now being seen more as another headwind for the sector, rather than a game-changer.

Undoubtedly, asset and wealth managers still have concerns about the post-Brexit landscape, with the latest CBI/PwC Financial Services survey showing a dramatic drop in optimism in August. A total of 72% of respondents said they are more worried about their overall business situation than they were three months ago, and over half (52%) see a risk of changes being made to UK financial regulation post Brexit. However, in many cases this has not translated into a concrete action plan yet, aside from some groups bolstering their offshore operations to ensure they are best placed to meet a...