Business volumes in the investment management sector were broadly flat in the three months to September, with growth expectations for the next quarter the weakest since 2011, according to PwC.
The CBI/PwC Financial Services Survey found the three months to September marked the end of a strong run of growth with has lasted four quarters. It said declines in business volumes had been reported in all four customer categories in investment management. Incomes stalled and profits fell as a result of pricing power squeezes which saw average fees and commissions fall. However, respondents from the sector said they were hopeful of a recovery in volumes, incomes and profits over the next quarter. The proportion of investment managers anticipating that the acquisition of domestic ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
