INTRODUCTION

2023 presented undeniable challenges for the UK’s Wealth Management sector, marked by mounting cost pressures,  heightened consumers demands,  and regulatory changes, among other factors.  As we enter 2024, while the market shows signs of stabilisation, business leaders are bracing for a fresh set of headwinds, propelled by the biggest global election year in history featuring 76 states.

While these challenges expose and exacerbate existing strains, they also serve as a catalyst for business leaders to reevaluate their value propositions, and assess the good, the bad and the ugly.

In our latest Outlook, we delve into the four pivotal trends that will continue to shape the UK Wealth Management sector throughout the year, offering strategic insights to business leaders and boards to help you navigate this challenging environment.

2024 UK Wealth Management Themes:

1. Cash Consumer is king
2. Value will win
3. Scale to survive
4. Agility is the name of the game

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