11 December 2017
visit http://response.ncr.com

Collaboration will soften fund management 'double whammy'

02 August 2001  |  149 views  |  0

UK fund managers need to take collective action to reduce industry-wide business and IT costs if they are to offset the "double whammy" impact of markets and pricing in simultaneous decline, says a new report from PriceWaterhouseCoopers.

In its annual UK investment management survey, ‘Pursuing profitability: all step forward …’, PwC warns fund managers that if current market trends continue, margins will halve to around 15% this year.
For its analysis, PwC surveyed 23 top fund managers, responsible for managing £1,100 billion of assets, and found that Year 2000 revenues slipped from 22.5 basis points to 22.1.
The report calls for competing fund managers to take collective action to address industry-wide obstacles to straight-through processing, including standardisation of communications and back office processes.» Download the document now 166Kb

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)

Solution source

Search by company or single key word