Confidence in the financial services industry has dramatically improved in the last quarter, with life insurers and investment managers "particularly bullish", a poll shows.
The latest Confederation of British Industry/PwC financial services survey said the improvement in confidence reflected increased business volume, calmer financial markets and more stable economic forecasts. It added firms were focusing on plans for growth but regulation was also a major driver of spending. Each major sub-section of the regular survey reported dramatic improvement, especially life insurance and investment managers. However, securities traders remained worried due to being more exposed to the effects of financial market volatility. PwC said the improving sentimen...
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