Video Highlights - Independent Wealth SG 2019 - Richard Harris

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1. What are the opportunities and challenges for the year ahead?

Video transcript

1. What are the opportunities and challenges for the year ahead?

Challenge is a lot easier, because of course, we've got enormous price pressure still coming in. Technology is cramping down on the kind of margins people can have. You've got compliance issues. I think pricing is going to be a big issue all the way through. And of course, pricing leads into staffing. You can't get the staff. It's very much, as a friend of mine said, it's a little bit like being tramped to the tar baby. You get an arm caught, then you get another arm caught. You just can't pull yourself away. And it's just a problem in the industry at the moment, there's not enough margin in there to really develop quickly.

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