The PWC 11 – only a bargain if you need them

Outsider/

24 July 2020
| By Outsider |
image
image image
expand image

These are challenging times for consultants. Outsider’s heart almost literally bleeds for the chaps at places like Deloitte, KPMG and elsewhere who he is given to understand have taken pay cuts of up to 20% to help their organisations through these difficult times.

This is why Outsider was so puzzled when he read a report that 11 partners from consulting outfit PWC were looking to hawk their combined capacities to the highest bidder.

In circumstances where all the contractors have gone and hundreds have been retrenched from some consultancies – who would that be?

Now, Outsider admits that he has never been the greatest exponent of the art of self-promotion, but he has been around enough discount supermarkets to know that bulk deals are not always a good idea when times are tough and budgets are tight.

What is more, his old Scots granny always told him that “it’s only a bargain if you need it”.

So Outsider’s message to the PWC 11 is that they should maybe consider a more scaled back approach or perhaps offer themselves up for some social cricket.

Because as Granny O says, it’s only a bargain if you need it.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 21 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5