IMA welcomes London competitiveness review

The IMA has welcomed a report reviewing the competitiveness of London's financial centre. The repor...

The IMA has welcomed a report reviewing the competitiveness of London's financial centre. The report highlights the need for improvements to the UK tax regime if London is to compete with rapidly expanding centres such as Dublin, Luxembourg and the Middle East which have succeeded in attracting funds away from the UK. IMA chief executive, Richard Saunders, says: "The industry is already working with Government on a package of tax measures designed to enhance the competitiveness of UK authorised funds and make the UK a more attractive domicile for funds. "It is also clear that changes wi...