Home In Depth Special Reports Outlook 2019: Financial services industry facing many challenges

Outlook 2019: Financial services industry facing many challenges

The outlook for the industry in 2019 is one of cautious optimism, with solid underlying economic prospects but growing downside risks. Regulatory pressure on the industry appears modest, but internal competition and the demand for innovation are ramping up relentlessly.

January 20, 2019

Uncertainty reigns

Escalation of the U.S./China trade war is the biggest risk

  • January 21, 2019 March 17, 2019
  • 00:18

Headwinds approaching

The financial services industry faces many challenges this year, including slowing growth, rising interest rates and changes to the regulatory framework

  • January 21, 2019 March 17, 2019
  • 00:12

A disruptive force

The Ontario government, elected last June, has a policy of deregulation in general, but also is willing to interfere with policy-making directly

  • January 21, 2019 April 16, 2019
  • 00:11

Gradual shifts in the fund industry

As ETFs' explosive growth in AUM continues, expect more actively managed ETFs and lower fees. While mutual funds' massive AUM dominates - for now - both types of investments have a place in client portfolios

  • January 21, 2019 April 15, 2019
  • 00:10

Consolidation on the horizon

Squeezed by rising operations costs, heavier compliance burdens, shifting client expectations and tougher competition, independent asset-management firms increasingly are open to fielding attractive offers of sale or merger

  • January 21, 2019 March 17, 2019
  • 00:09

Interest rates point to bleak outlook

A flat yield curve — or, worse, an inverted one — will make business for banks, life insurance companies and utilities more difficult. Either curvature also is a sign of poor business conditions ahead

  • January 21, 2019 March 17, 2019
  • 00:08

Don’t expect major tax reform

Tax specialists anticipate narrowly targeted changes, as opposed to broad-based tax cuts, in the upcoming federal budget as the Liberals prepare for an election

  • January 21, 2019 March 17, 2019
  • 00:07

Will clients embrace alternatives?

New class of mutual funds gives investors access to defensive strategies such as short selling, leveraging and use of derivatives

  • January 21, 2019 March 17, 2019
  • 00:06

Financial planning’s persistent rise

As retiring baby boomers need help with their increasingly complex finances, planning becomes more critical

  • January 21, 2019 April 18, 2019
  • 00:05

Embracing behavioural finance

Helping clients identify how emotion affects their decision-making process regarding investing will become even more important if stock markets or the economy take a turn for the worse this year

  • January 21, 2019 March 17, 2019
  • 00:04