Almost one in nine of the richest people in the UK are of Indian descent. That could swell if a surcharge on the nation’s top taxpayers goes ahead, writes James Horrax.
Scorpio Partnership
The recent deal between Commonwealth Bank of Australia and Facebook to deliver an online banking service may signal a changing ethos when it comes to financial technology.
The new reality for wealth managers will be characterised by lower margins, increased costs and client caution. Firms must focus either on global reach or adopt a specialised approach.
Last year’s rule changes will continue to have global implications, but regulators need to beware the impact of their work is not fewer clients served by fewer bankers offering fewer choices.
Scorpio considers the future shape of the wealth industry, its evolving relationship with investment banking and the potential impact of the UK’s Vickers Report.
A slew of bad news overshadowed one of the stories of the summer: how regulators are making headway against tax evasion. The landscape is changing for good, writes Scorpio.
