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.’