Investment trade body warns of Brexit ‘ramifications’



Brexit could have huge ramifications for the UK’s investment industry, which manages more than £1.2 trillion worth of assets, a new report has warned.
An annual survey by the UK’s Investment Association (IA) warned that the EU referendum result could ultimately dent the industry, which manages 37 per cent of all European assets – more than the German, French and Italian industries combined.
The report said: “Whether the UK retains its position as a centre of excellence for asset management could be partly determined by whether overseas clients, particularly those located in mainland Europe,... read more

 
29 September 2016 in Business, Views: 35
Source: Scotsman
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