The Investment Management Association (IMA) has highlighted the scale of regulatory change that may be required if Scotland votes for independence, after revealing 11% of total fund industry assets are run by Scottish-based groups.
In its annual asset management survey, it said assets from the fund industry managed in Scotland now stand at £560bn, or just over a tenth of total AUM. The news comes as the vote on Scottish independence remains finely balanced, with the latest polls indicating support for the pro-independence party is growing among previously undecided voters. It is unclear what, if any, changes will be needed if the "yes" vote wins, but many fund groups have been working on contingency plans to relocate certain parts of their businesses if required. Elsewhere, the IMA reiterated the move to auto...
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