The future of financial services

With equity markets in their third year of providing negative returns, an increasing number of pundits and commentators are comparing the end of the tech bubble with the crash of 1973-75. At the Fund Forum International held in Rome at the start of the month, a group of CEOs from some of the largest asset management firms in Europe discussed what the future holds for the industry. Industry cutbacks, asset allocation, regulation, demographics and independent financial advice were among the topics covered. This is an edited transcript of the discussion. Chris Foskett: At the moment, ...