Five Futures ![]()

The Five Futures Studies series draws on industry-wide thinking to create five scenarios to describe the range of likely outcomes in each of seven investment related business areas, listed here (with publication dates).
Five Futures European Asset Management May 2009 Published - Please see below
Five Futures Trust and Estate Practitioners July 2009 Published - Please see below
Five Futures Asset Management Boutiques August 2009 Published - Please see below
Five Futures Corporate DC Pensions August 2009 Published - Please see below
Five Futures Fiduciary Management October 2009 Published - Please see below Future of Life and Pensions in the UK October 2009 Published - Please see below
Five Futures Fiduciary Management October 2009
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60% of participants in this study predict significant changes in the Fiduciary Management industry. The future they see includes the complexity of pension management continuing to increase, Pensions moving towards greater professionalism, Asset managers winning market share, and the need for deeper partnerships with pension professionals.
Five Futures Corporate DC Pensions August 2009
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80% of the participants in this Study predict significant changes in both the external environment and their own businesses. The future they see includes the emergence of portals, a central role for communications, an increased emphasis on scale, a focus on scheme segmentation and a trend towards unbundled pricing.
Five Futures Asset Management Boutiques August 2009
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A study to help European, in particular UK Asset Management boutiques prepare for what might happen in the next 18 months by creating five possible futures based on the varied predictions of industry leaders. 80% of our sample predicted either substantial or significant changes to both the external environment and also their own businesses. The future they see includes less profitable clients relationships, more risk-averse investors, the end of open architecture, but also new global opportunities.
Five Futures Trust and Estate Practitioners July 2009
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Thirty-two leading Trust and Estate Practitioners were interviewed between March & June 2009 about their predictions for the industry over the next 12-18 months. Published in partnership with STEP, the Society of Trust and Estate Practitioners in July, the study found that leaders are decisively preparing for a new professional future where they are actively engaged in global, not just local, tax compliant cross border wealth structuring. Three key trends were identified which will be felt across the industry and for years to come: The Transparency Dividend, Transforming Trust and Estate Planning into Wealth Structuring and ‘Trust Plus’ Solutions.
Five Futures European Asset Management May 2009
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Helping the European Asset Management industry prepare for what might happen in the next 18 months by creating five possible futures based on the varied predictions of industry leaders. Published in conjunction with Alpha FMC in May. it concludes that 40% of the participants in this Study predict significant changes to both the external environment and also their own businesses. The future they see includes the end of open architecture, new buyer selection criteria, a shift away from re-balancing to de-risking, a shake out of the boutiques, and the assertion of new business management disciplines.
Future of Life and Pensions in the UK October 2009
The UK Life & Pensions industry is facing a period of great change. Every aspect of business is under the microscope, from its regulatory framework, client behaviour and needs, distributiuon channels, product construction, to the way it manages itself. This document aims to capture a snapshot of what will drive these changes and what impact they will have on the industry in the next 12 to 24 months. In the relative calm of Saint Paul de Vence in the South of France a goup of 35 partcipants in the Life & pensions industry spent three days in September 2009 comparing notes on how the world was changing around them.
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