Comments on the Government’s Strategy for the Future of the UK’s Asset Management Industry:

Mash Patel

CEO at Kurtosys

Views 169

Comments on the Government’s Strategy for the Future of the UK’s Asset Management Industry:

07.12.2017 10:00 am

I’m really pleased that the Treasury lends it's backing to the UK Asset Management industry. Following the final draft of the FCA report issued in 2017, the government has thrown it's hat into the ring to further highlight what a prominent role that the Asset Management industry plays not only because it represent around 1% of the UK's GDP, but also how the industry provides a solid tax, regulatory and innovative stronghold for the global investments industry. 

As financial centre's such as London and Edinburgh face uncertainty over a post-Brexit environment, the Treasury's report provides a timely reminder of the importance that the UK plays in the global investing community. A commitment to back far reaching strategies ranging from diversity in the workforce to the use of Fintech to modernise the industry should help cement confidence in the UK as a global investment centre. 

Let's hope that the government continues its commitment by working with industry leaders, the FCA and international investors to maintain the UK's standing as one of the world's most innovative investment venues. There remains a lot to be done particularly in an environment where fees and costs are facing tremendous scrutiny.

Latest blogs

Rune Sørensen Nets A/S

Why the Nordic Banks Outsource Card Processing

The Nordic countries constitute the most advanced and digitally ready payment market in Europe, and one of the most advanced in the world. Read more »

James Eardley SAP Customer Experience

The Bank of One: Taking personalisation to the ultimate level

The theory of the ‘Bank of One’ is well-rehearsed. Today’s tech-savvy consumers are demanding banking services tailored to their particular requirements. They see financial services as an enabler for other aspects of their lives, and they want their Read more »

Ioana Guiman Allevo

Instant Payments through FinTP

FinTP-Instant is a new functionality of FinTP which connects back-office applications of a bank to an Instant Payments service offered by a third party, such as the Romanian ACH, TransFonD. This functionality retrieves payment messages in the format Read more »

Martin Haering Finastra

Banks need new revenue models

The traditional banking business model is no longer sustainable. Just as the ‘GAFA’ technology firms (Google, Amazon, Facebook, Apple) have set the standard for the sharing economy, so too banks need to adapt their models to compete in a new world Read more »

Mark Jackson Collinson

How traditional players can close the gap on challenger banks

Earlier this year, Starling Bank and Monzo became the top two banks in terms of customer satisfaction in the UK, knocking incumbent First Direct from the number one spot[1]. Interestingly, this news coincided with a decline in interest in app-only Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App