IMA: "Joined-up thinking on asset management – and the Government is putting skin in the game"

20 March 2013

IMA chief executive Daniel Godfrey said: "Together with the consultation that's been announced on the possible freedom for funds to make gross interest distributions to international investors, the Government is putting skin in the game to show its commitment".

Responding to the government’s plans to introduce a marketing strategy to promote the UK as a centre of fund management and fund domicile, and today’s tax changes, Daniel Godfrey – Chief Executive of the Investment Management Association, the trade body for UK asset managers – said:

“The UK already has a world class asset management sector and is the base for many international firms. Today’s announcement of the new Financial Services Trade and Investment Board and of the IMA’s key role with TheCityUK to provide a one-stop shop for asset managers who may wish to locate in the UK... represents the joined-up thinking and action that is needed to build on our asset management strengths and to develop a world class location for funds. If we all follow through on this very encouraging start and build a truly competitive tax and regulatory regime with sustained and authentic marketing and promotion, the asset management sector could, over time, create thousands of support jobs around the UK and generate hundreds of millions of pounds of additional tax revenues.”

Full press release

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