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Budget 2017: Hammond pledges fund fintech strategy

Budget 2017: Hammond pledges fund fintech strategy

The government has pledged to produce a long‑term strategy to help the UK asset management industry ‘thrive’ in the digital world.

The strategy, announced in today's budget, is a continuation of the UK investment management strategy launched alongside 2013’s Budget.

The first iteration of the strategy focused on job creation and growth across three broad areas:

  • Taxation: simplify and streamline taxes on the sector
  • Regulation: create a more responsive regulatory environment
  • Marketing: improve marketing infrastructure in the UK and over

Investment Management Strategy 2 will support fund houses with ‘harnessing financial technology solutions, main-streaming innovative investment strategies, and continuing a coordinated programme of international engagement.’

 

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