Research shows that among 179 financial service professionals many expect significant change in their respective industries over the next three years, says FIRST, a global events agency.
Private equity professionals are most optimistic about the future, with 63% expecting the level of funds they raise to increase as they look to diversify and increase exposure to their sector.
In contrast less than half of fund managers expect the value of their raised assets to increase, with 45% thinking it will fall.
FIRST managing director, Mark Riches, said: "Our research shows that financial professionals are expecting huge changes to take place in their respective sectors over the next few years, although there is some disparity over what impact they will have."
As a result of these concerns more financial service professionals are expected to communicate together to decide the best way to adapt to these changes.
"Our research shows that 28% of financial industry professionals expect to attend more conferences and events over the next 12 months, compared to 11% who anticipate they will be attending fewer," Riches said.
"One of the main reasons for this is to network and meet others in their industries to discuss trends and views."
Within the next five years 74% of fund management professionals believe their margins will be affected by reduced charges on their funds.
During this time 38% of pension professionals believe schemes will use fewer external fund managers, while 20% think they will use more.
In the insurance sector 87% believe there is too much regulation in their industry, yet in spite of this, 15% expect a huge increase in the number of new innovative products in the next three years, with 56% anticipating a slight increase.
FIRST commissioned PollRight to gather views from financial service professionals on their respective markets in May this year.