PwC: 81% of wealth managers are eyeing up consolidation or M&A
There is an ‘urgent need’ for firms to adopt ‘transformational’ new technology, and consolidation is the fastest route
PWC
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Quilter Cheviot launches service for ‘Big Four’ employees
Workers at Deloitte, KPMG, EY and PwC are eligible
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PwC: Half of CEOs think their businesses will not survive the next decade
AI could make half of all business models redundant within 10 years
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16% of asset and wealth managers globally will disappear by 2027
Assets managed by robo advisers will reach $5.9trn in four years
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Dubai regulator unveils sustainable finance task force in DIFC
Group is made up of 12 entities including BlackRock, HSBC and Zurich
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Will Sars high net worth unit close South Africa’s tax gap?
‘There is a particularly vexed situation’ in the country
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Is Italy warming up to robo-advisers?
High costs put pressure on very traditional financial services sector
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China holds half of Apac billionaire wealth
Ultra-high net wealth individuals in Asia Pacific make up 38% of the global billionaire population
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Wealth of Asian billionaires drops sharply
Total assets of Apac’s super-rich fell 8% to $2.5trn
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Defunct DFM clients targeted by scammers
Clients approached by individuals claiming to represent PwC and The Share Centre
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UK could fall behind India and France in global economy
The global economy is expected to slow next year with growth between 2016-2018 ‘now over’
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Hong Kong’s financial services leaving women behind
Over half of entry-level jobs are filled by women, but only a third hold senior positions