<br />
FINANCIAL<br />
SERVICES<br />
FACULTY<br />
ICAEW.COM/FSFISSUE 126<br />
MAY 2018<br />
FSFocus<br />
LONG ROAD AHEAD<br />
THE TROUBLED<br />
PATH FACING ASSET<br />
MANAGEMENT FIRMS<br />
MOVING<br />
A NEW DAWN<br />
DOES SOUTH AFRICA<br />
HOLD THE KEY TO<br />
POST-BREXIT TRADE?<br />
FORWARD<br />
Lord Leigh of Hurley<br />
talks Brexit, the state<br />
of the M&A market<br />
and being in politics<br />
MOVING YOUR FLEET FORWARD<br />
WITH THE UK'S MOST TECHNOLOGICALLY ADVANCED SMALL CAR<br />
P11D BIK C02 COMBINED MPG<br />
£22,065-£13,495 26%-20% 129-82g/km 49.5-88.3<br />
Official fuel consumption figures in mpg (l/100km) for the All-New Ford Fiesta range: urban 38.1-80.7 (7.4-3.5),<br />
extra urban 60.1-94.0 (4.7-3.0), combined 49.5-88.3 (5.7-3.2). Official CO2 emissions 129-82g/km.<br />
The mpg figures quo<a title="FS Focus MAY 18 page 1" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=1"> FINANCIAL SERVICES FACULTY ICAEW.COM/FSFISSUE 12</a>
<a title="FS Focus MAY 18 page 2" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=2"> MOVING YOUR FLEET FORWARD WITH THE UK'S MOST TEC</a>
<a title="FS Focus MAY 18 page 3" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=3"> May 2018 Issue 126 COVER PHOTOGRAPHY: CHARLIE BE</a>
<a title="FS Focus MAY 18 page 4" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=4"> WELCOME Times are changing May's issue of </a>
<a title="FS Focus MAY 18 page 5" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=5"> N E EWS & VENTS CHAIRMAN'S REPORT: FACULTY CHAI</a>
<a title="FS Focus MAY 18 page 6" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=6"> NEW ANA PAUL REID/IKON S LYS IS GENDER DIVI</a>
<a title="FS Focus MAY 18 page 7" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=7"> </a>
<a title="FS Focus MAY 18 page 8" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=8"> SMITH UPFRONT Recently, </a>
<a title="FS Focus MAY 18 page 9" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=9"> AV </a>
<a title="FS Focus MAY 18 page 10" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=10"> With the UK scheduled to leave the EU on 29 March</a>
<a title="FS Focus MAY 18 page 11" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=11"> ASSET MANAGEMENT Commission has told companie</a>
<a title="FS Focus MAY 18 page 12" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=12"> BLOCKCHAIN: THE NEXT FRONTIER IN EFFICIENCY? Fun</a>
<a title="FS Focus MAY 18 page 13" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=13"> world's largest asset management firm, said that </a>
<a title="FS Focus MAY 18 page 14" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=14"> The legal rights of women have come a long way si</a>
<a title="FS Focus MAY 18 page 15" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=15"> has been a subject of media interest of late. In </a>
<a title="FS Focus MAY 18 page 16" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=16"> South Africa is a land of contrasts. Within a few</a>
<a title="FS Focus MAY 18 page 17" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=17"> KEY TOPIC: SOUTH AFRICA 75% PwC's predictions for</a>
<a title="FS Focus MAY 18 page 18" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=18"> THE BIG PROFILE Lord Leigh of Hurle</a>
<a title="FS Focus MAY 18 page 19" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=19"> Based in a grand, traditional looking office on C</a>
<a title="FS Focus MAY 18 page 20" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=20"> “We're constantly selling UK companies abroad. Th</a>
<a title="FS Focus MAY 18 page 21" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=21"> TECHNICAL: AUDITING PIES A NEW SLICE OF PIE Z</a>
<a title="FS Focus MAY 18 page 22" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=22"> UNFAIR DISCRIMINATION? </a>
<a title="FS Focus MAY 18 page 23" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=23"> not about whether it's happening, but how far it </a>
<a title="FS Focus MAY 18 page 24" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=24"> VALUATION THEORIES Following February's alarming </a>
<a title="FS Focus MAY 18 page 25" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=25"> through quantitative easing caused a sell-off in </a>
<a title="FS Focus MAY 18 page 26" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=26"> In a speech in September 2015, Mark Carney, gover</a>
<a title="FS Focus MAY 18 page 27" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=27"> Time will tell how widely the recommendations wil</a>
<a title="FS Focus MAY 18 page 28" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=28"> TECHNICAL: REFERENCE TECHNICAL DIRECTORY A round</a>
<a title="FS Focus MAY 18 page 29" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=29"> CALLING ALL PAST AND PRESENT ICAEW MEMBERS LET U</a>
<a title="FS Focus MAY 18 page 30" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=30"> PEOPLE IN FOCUS WIDE REMIT FOR AVIVA INVESTME</a>
<a title="FS Focus MAY 18 page 31" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=31"> PEOPLE HOW DOES THE MEDITATION WORK AND WHY I</a>
<a title="FS Focus MAY 18 page 32" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=32"> THE BIG IDEA CULTURAL REVOLUTION Carroll Barry</a>
<a title="FS Focus MAY 18 page 33" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=33"> The figure for the total fines levied on the 20 l</a>
<a title="FS Focus MAY 18 page 34" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=34"> U NFOCUSED THEY SAID IT... ALREADY A ONE- HORSE </a>
<a title="FS Focus MAY 18 page 35" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=35"> CONNECTIONS MADE MORE REWARDING </a>
<a title="FS Focus MAY 18 page 36" href="https://secure.viewer.zmags.com/publication/ec2b8deb?page=36"> £199 PER MONTH </a>