John Glen: Financial services growth and competition will be fostered post-crisis

Investor behaviour will change

Jenna Brown
clock • 4 min read

Growth and competition in the financial services industry will be encouraged and facilitated by government policy as the country emerges from the Covid-19 crisis, Economic Secretary to the Treasury John Glen has said.

Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) Virtual Fest on Wednesday (3 June), City minister Glen told delegates the industry was a core part of the Government's response to the coronavirus pandemic and it had responded effectively. During his session, Government priorities for recovery following Covid-19, he said the Government was fully confident of a strong economic bounce back and, while investor behaviour will change the interaction between the consumer and capital markets, it will be a crucial element to the UK's recovery. He said: "We ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read