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UK asset and wealth management AUM forecast to reach £16trn by 2030


By Jack Gray

The UK is emerging as one of the most dynamic markets in the European asset and wealth management space, with its assets under management (AUM) expected to grow from £12trn in 2024 to £16trn by 2030, according to PwC


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Big endgame results for small pension schemes

For many CFOs and trustees, small DB schemes feel stable but not yet fully resolved. Without deliberate planning, gradual risks emerge. Moving from stability to a clear endgame requires focus.


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PIMFA and Macfarlanes publish guidance on ECCTA information sharing provisions

The Personal Investment Management & Financial Advice Association (PIMFA) and law firm Macfarlanes have published guidance on how wealth managers and financial advisers can use information sharing provisions set out in the Economic Crime and Corporate Transparency Act 2023 (ECCTA)

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AI moves from ‘niche to necessity’ for UHNWIs

Artificial intelligence (AI) has moved rapidly from a niche tool to a necessity that is woven into everyday activities for ultra high net worth individuals (UHNWI), according to a report from BNY Wealth

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Professional investors’ AI bubble fears centre on software

Wealth managers and family offices are increasingly worried about a potential artificial intelligence (AI) stock bubble, with their concerns primarily focused on software firms, according to research from Robocap

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FCA consults on removing non-UK business from Consumer Duty

The Financial Conduct Authority (FCA) has published a consultation on removing business with non-UK customers from the scope of the Consumer Duty, aiming to reduce burdens on wholesale businesses

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Equalising CGT with income tax rates would cost Treasury almost £8bn a year – IG

Equalising capital gains tax (CGT) with income tax rates would cost the Treasury nearly £8bn a year, according to modelling from IG

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Investment management fees enter ‘new downward phase’

Investment management fees appear to be entering a new downward phase as pricing pressure spreads to private markets, according to a study from consultancy Bfinance

Almost one in three unaware of pension/IHT changes

Almost one in three (32 per cent) people have no idea how upcoming changes to pensions and inheritance tax (IHT) will affect them, research from Hargreaves Lansdown has revealed

Bamboo Invest launches sustainability-focused MPS for advisers

A new model portfolio service (MPS) for UK financial advisers, Bamboo Invest, has launched with three portfolio ranges spanning a spectrum of sustainability approaches
FCA consults on conflict rule changes for closed-ended investment funds

The Financial Conduct Authority (FCA) has launched a consultation on targeted changes to the UK Listing Rules for closed-ended investment funds, aimed at strengthening the management of conflicts of interest

Family offices set to take on more risk as alternative allocations rise

Family offices are planning to take on more risk over the next 12 months as alternative asset allocations rise, research from Ocorian has shown

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