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In a constrained economic climate, there is increased pressure on investors to identify ways in which their client’s investments can become profitable. We all know about the strength of investment diversification, therefore we should look at current trends in the market to kick start profitability in the new year.
December is a time of reflection, and if there is one word that could sum up the operational dynamics of the financial services industry in 2014, that word would be challenging. It has been difficult for industry stakeholders to make a profit in the industry. The cost of doing business increased during the year, and regulation was a major issue for insurers and brokers alike.
As we wind down to the end of the year, we get to see quite a few annual reports which highlight the performance of their specific sector for the year. This year proved to be a challenging year for the Office of the Pension Funds Adjudicator (PFA) as it had to deal with a large number of determinations as employers are increasingly trying to test the limits of the law.
It has been just over a week since the Financial Services Board (FSB) launched its Retail Distribution Review (RDR) White Paper, and while there has been some concern in the industry, the FSB has urged those who have issues with the White Paper to remain calm and go through it with a fine tooth comb.