Never Mind the Brexit: UK Treasury Releases Asset Management Plan
British government releases a number of proposals to maintain the strength of the UK’s investment managers after Brexit.
With £8.1 trillion in assets under management, the UK is unquestionably the largest center for asset management in Europe. However, in line with other financial services sectors, questions have been raised as to whether the UK can maintain its position with the potential loss of access to Europe’s single market, once the UK leaves the bloc in 2019.
“The UK is a world leader in asset management, and it is vital that we keep it that way,” said Stephen Barclay, the economic secretary to the
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