IIMI: Four key ways to improve UK asset management sector

Wake of Brexit

The Independent Investment Management Initiative (IIMI) has outlined four key areas for improvement for the UK asset management sector.

The IIMI has suggested the Financial Conduct Authority replicate its peers in Luxembourg and Ireland in committing to promote the UK as an asset management hub. The body's three other key areas of improvement for the sector including streamlining of the fund authorisation process, the simplification of regulations and the development of a new domestic fund regime. Members of the IIMI suggested reducing the time frame for FCA fund authorisations to be reduced from six months to just one. In terms of regulation, the IIMI recommended that the reform of regulations such as the PRIIPs a...