PwC: ‘The pressure is on’ for AI to start delivering results
Some 66% of investors want to see evidence of improved productivity after mounting speculation around AI’s uses
PwC
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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
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Schroders confirms Richard Oldfield as new CEO
The former CFO will take over the reins on the 8 November
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Reports: Richard Oldfield to become Schroders CEO
The current CFO joined Schroders last year
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Asset managers still grappling with communications as anti-greenwashing deadline looms
UKSIF and PwC report flags concerns around SDR definitions, increasing regional divergence and threshold clarity ahead of first deadline
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PwC: Half of EMEA firms think AML regulations need more clarity
20% of respondents were concerned about lack of uniformity in applying regulations
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BJSS and Sparck: Half of UK businesses might not exist in 10 years
Business leaders have focused on near-term threats and neglected their long-term survival, according to a new study
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PwC: Nine in ten investors doubt corporate sustainability claims
AI was also front of mind for investors surveyed
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Link Fund Solutions appoints PwC to advise on £235m Woodford redress scheme
Further details of the compensation scheme expected to be announced in September
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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