Industry figures have warned asset managers must prepare for a no-deal Brexit, despite little certainty as to the ramifications of such an outcome, as the government urged EU authorities to reciprocate its efforts in damage limitation.
Last Thursday (23 August), the government promised it was taking "unilateral action" to prevent UK firms being cut off from the European Economic Area, but said this could be fruitless "unless the EU acts...
Could see costs "ramp up"
'Life now seems a lot more fragile than it once was'
Under 30 complaints for advice firms
Response time pushed back to October
Adds £60m of assets
Up to £2,500 a month