Are asset managers 'too complacent' about disruptive power of technology?

PwC study highlighted lack of innovation

A major talking point in the asset management and wealth industries in recent years has been the potential for new technologies to 'disrupt' - perhaps in ways many have not even considered yet.

However, while active debate on this issue appears to be moving the industry in the right direction to meet consumers' future needs, in some cases this is not being backed up by putting the necessary resources behind making these ideas a reality. According to a recent study by PwC, entitled A new era of growth, disruption and opportunity, asset and wealth management chief executives are showing a "surprising complacency about technological innovation" when compared to their counterparts in the wider financial sector. Only 10% of CEOs in the space said they will be prioritising strengt...