Asset management chiefs share six industry concerns for 2018
By Tom Carnegie, 13 Mar 18
The asset and wealth management industry is about to usher in a period of disruption, with cyber security threats a big concern, chief executives across the sector have warned.
Tax changes
Tax changes are a big issue for chief executives in the PwC report, with 77% stating that they are “somewhat extremely concerned”.
“For some managers, new tax rules are challenging historic tax structures. More generally, the Foreign Account Tax Compliance Act (Fatca) and Common Reporting Standard (CRS) rules for sharing of tax information about individuals between countries places the burden of reporting on financial institutions,” a PwC spokesperson said.
Tags: Asset Management | PWC | Wealth Management
