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Investment Management Strategy II launched
Britain is Europe’s largest fund management centre, with £8.1trn in assets under management, but countries such as Ireland, Luxembourg and France hope to lure businesses that are concerned about the impact of Britain’s vote to leave the European Union.
The Government says it is updating its original 2013 document to “strengthen the UK’s brand for asset management, enabling firms to respond effectively to the UK’s withdrawal from the European Union and capitalise upon future trading opportunities”.
Amid concern that Brexit could hamper the industry’s ability to access top global investment talent, the Government said it would support ‘Asset Management Centres of Excellence’ at UK universities across the country, including apprenticeships.