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.
