Simon Davies, outgoing chairman of the IMA, says the biggest challenges facing the industry are getting people to save and ensuring the smooth introduction of a Europe-wide single market for asset management.
Speaking at the IMA’s AGM dinner last night, Davies highlighted two main challenges for the future. The first is for the Government to encourage more saving in the UK. The announcement ISAs were to remain a permanent part of the savings landscape was welcomed, Davies said, while the Government's commitment to establishing personal accounts was heralded as a good foundation on which to build. But Davies cautioned this was just a start, and said it would be important to ensure other aspects of government policy including tax, regulation and benefits work together to support a higher rate ...
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