uk swept away by offshore

The fact the UK is increasingly losing out to Luxembourg as a domicile of choice has again been highlighted - this time with the release of the annual Asset Management Survey from the Investment Management Association (IMA). The IMA is gathering evidence that the UK's regulations are increasingly causing funds to be domiciled offshore. Its report shows the number of funds being established in Luxembourg has been steadily increasing, with 1,400 fund launches in 2006, almost double the number launched in 2003. This compares to the UK, where the number of fund launches has stagnated over the...