Asset and wealth mgt confidence hit by volatile markets
The asset and wealth management industry has seen its first significant fall in confidence since the winter of 2011, according to a joint report from the CBI and PwC.
PWC
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The rise of investment fintech
No longer the preserve of payment solutions developers, fintech startups are gaining ground and increasingly disrupting the investment management industry.
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PEOPLE MOVES: Aviva, Deutsche Bank, PwC…
Aviva has announced two changes in its General Insurance division; while Deutsche Bank has appointed a chief country officer for Luxembourg. PwC has named a new global chairman, with Jersey Finance establishing a greater London presence.
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Global asset management CEOs confident about revenue growth
Despite only 30% of global asset management chief executives expecting the global economy to improve over the next 12 months; 90% are confident or very confident about revenue growth in 2016, rising to 95% when looking at the next three years.
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Asset managers see fintech opportunities
Asset managers across the UK are cautiously optimistic and expect business volumes, fee income, commissions, and investments to rise. They remain, however, acutely aware that their future is very much dependant on global equity markets and global economic conditions, according to PwC.
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Margaret Hodge calls for overhaul of UK tax laws
Former chair of the UK public accounts committee Margaret Hodge, who has repeatedly attacked the use of offshore tax avoidance schemes, has called for an overhaul of the British tax system.
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PwC makes acquisition for high speed FATCA and CRS reports
PwC has acquired software company Ellis Financial Systems in a bid to more rapidly meet new tax information reporting required under such regimes as the Foreign Account Tax Compliance Act (FATCA).
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Belvedere-owned Kijani funds go into liquidation
Cayman Islands-based, Kijani Resources, which is owned by troubled offshore fund house Belvedere Management Group, has gone into liquidation after its parent business was taken over by the island’s monetary authority earlier this month.
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Cayman Islands authority takes over troubled Belvedere fund
Suspended fund, Brighton SPC, has been taken over by the Cayman Islands Monetary Authority after a “forensic examination” was conducted on the investment vehicle.
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PwC appoints new head of tax
PwC has appointed a new head for its Channel Islands tax practice to replace Wendy Dorman in the role as she retires this summer after seven years in the role.
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Asset management CEOs bullish on revenues
A report produced by PwC has revealed 88% of asset management CEOs are confident about revenue growth this year.
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PwC attacked for Lux tax avoidance
London-headquartered firm, PricewaterhouseCoopers (PwC), has come under fire for allegedly promoting tax avoidance “on an industrial scale”.