According to the latest CBI/PwC Financial Services Survey rising equity markets drove business volumes higher during the quarter to December, with a large majority of investment managers reporting higher fee income.
Seven out of ten businesses say the cost of running a defined benefits (DB) pension scheme is stifling their investment intentions, with eight out of ten manufacturers saying it is affecting their plans, according to a survey by the CBI and Standard Life.
According to the latest CBI/PwC Financial Services Survey business volumes in the asset management sector were broadly flat – the first time that they have not grown since June 2012.
The Confederation of British Industry (CBI) has raised its growth forecasts for 2013 and 2014 as the recovery begins to gather some short-term momentum.
Investment managers believe regulation is the biggest challenge to the sector’s growth, PwC’s Paula Smith says.
Some 25 UK based business visited Russia last week with the aim to improve understanding of the commercial environment and boost trade and investment links with Russia.
The financial crisis and the subsequent international regulatory response dominated the annual Irish Fund Industry Association conference.