Slash Red Tape for Fund Managers or Risk 'Industry Exodus'

City working group calls for chop of red tape to kickstart UK capital markets

Pinning hopes on HM Treasury and the Financial Conduct Authority to cut costs, complexity and delays surrounding the establishment of new asset management firms in the UK. The post City working group calls for chop of red tape to kickstart UK capital markets appeared first on Investment International.

Industry group calls on FCA to cut barriers to entry for fund managers

A working group of City figures, including the Independent Investment Management Initiative (IIMI) has called on the Treasury to urgently reform regulation for new fund management companies at an event held at Mansion House last night (22 May). The group said removing barriers to entering the industry is vital in ensuring the UK does not slip further behind international rivals. The working group comprises Peel Hunt head of research Charles Hall…

Slash red tape for fund managers or risk 'industry exodus'

The government must slash red tape preventing new fund managers from setting up or risk an industry exodus, experts have warned. The rate of new fund management businesses being created has dropped precipitously in recent years as high barriers to entry have pushed too many entrepreneurs away from the industry, according to a report by Peel Hunt, Hill Dickinson and IIMI. “The market has lost much of this energy as lowering fees, aversion to care…