Fidelity’s Global Institutional Investor
Survey found that 80% of investors think that, by 2025, blockchain and similar technologies will fundamentally change the industry. 75% believe non-financial technology firms will enter the industry. Those newcomers are expected to trigger consolidation within the industry.
The survey highlighted significant differences in opinion depending on the region. Overall 73% believe that it’s unlikely the industry will be substantially the same in 2025. However, only 59% of Americans expect a significant change. That compares to 82% of Europeans and 81% of UK respondents. In Asia, the Japanese expect the most upheaval at 76%.
Regarding sectors expecting the least change, they include defined contribution with 49% anticipating significant changes. And multi-employer pension plans are at 55%. That contrasts with public sector pensions where 85% predict disruption, closely followed by sovereign wealth funds and insurance companies.
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