Autumn Budget 2017: Government To Publish 'long-term Strategy' To Support UK Asset Managers
The government is set to publish a new long-term strategy on how it will ensure the UK's asset management industry will "continue to thrive".
In supporting documents for Chancellor Philip Hammond's Autumn Budget today, the government said it wants to ensure the UK asset management industry will "continue to thrive".
This will cover areas such as financial technology and investment strategies.
It said: "The government will publish a new long-term strategy to ensure that the UK asset management industry continues to thrive and deliver the best possible outcomes for investors and the UK economy.
"This will include actions, to be taken forward in close collaboration with the industry, on skills, harnessing financial technology solutions, mainstreaming innovative investment strategies, and continuing a coordinated programme of international engagement."
HM Treasury has previously stated that it is committed to supporting the UK asset management post-Brexit and ensuring financial services was protected as the UK begins the process of leaving the European Union.
It has also set up an Asset Management Taskforce, which aims to deliver ideas on how the asset management sector can respond to Brexit and how the industry can be improved.
Chris Cummings, chief executive of the Investment Association, said: "The Chancellor's announcement today to publish a new strategy for the asset management industry demonstrates how central our industry is to our country's economy and to financial services.
"This strategy forms part of a package of measures which will provide our sector with a roadmap to help firms thrive through Brexit and beyond. These measures will help to ensure our industry continues to deliver the best possible outcomes for savers and the UK economy in the years to come."
More news
Back to Top
Federal Reserve's Rate Decision: Navigating Economic Uncertainty
The recent decision by the Federal Reserve to adjust interest rates has sparked significant interest and speculation amo... Read more
Building Bridges: Strengthening Investor Confidence Through Enhanced Risk Data In Emerging Markets
In the dynamic landscape of emerging markets, investor confidence plays a pivotal role in driving economic growth and pr... Read more
Reading The Tea Leaves: Analyzing Market Responses To Speculation Of A Fed Interest Rate Increase
As speculation mounts regarding a potential interest rate increase by the Federal Reserve, investors are closely monit... Read more
Tesla's Stock Dilemma: Navigating Through Intensified Global Competition
Tesla, Inc., a bellwether in the electric vehicle (EV) industry, recently announced an ambitious plan to launch more aff... Read more
Evaluating Ukrenergos Standalone Debt Restructuring Versus National Efforts In Ukraine
As Ukraine navigates the complexities of post-war recovery, the debate surrounding the debt restructuring of its state g... Read more
Navigating The Shifting Sands: The Neutral Rate Of Interest In A Rapidly Evolving Economy
In the labyrinth of monetary policy tools, the neutral rate of interest stands out for its pivotal role in stabilizing e... Read more