UKTI hosts Brazilian pension fund delegation visit to the UK
UK Trade and Investment (UKTI) promotes UK as a hub for asset management to pension fund delegation from Brazil.
This week, UKTI hosted the second annual Brazilian pension fund delegation visit to the UK. The visit running from 23-27 November, was sponsored by Aberdeen Asset Management, Columbia Threadneedle and Investec.
The week-long visit builds on the successes of the recent UK-Brazil Economic and Financial Dialogue and the ongoing relationship between the 2 countries.
The Brazilian National Pension Fund, a professional association known as ABRAPP, has endorsed the visit by 7 Brazilian pension fund officials.
Harriett Baldwin, Economic Secretary to the Treasury, said:
The UK government is committed to promoting the UK’s world-leading investment management industry across the globe, and to showcase the tax and regulatory regimes that make Britain a highly competitive place to do business.
What we have seen this week with Brazilian pension funds is a great example of how we can work together with industry to communicate Britain’s expertise in financial services to important institutional clients from around the world.
Karthik Iyer, Head of Asset Management, UKTI said:
In the interest of creating jobs and spurring growth, UKTI is working closely with the industry to promote the UK as a hub for asset management in attracting global asset managers to establish a presence in the UK.
As a facilitator and enabler of trade and investment, UKTI welcomes and acknowledges the level and quality of engagement on both sides.
UK asset management
The UK has £6.8 trillion of assets under management. It remains the largest centre for asset management in Europe, with assets totalling more than the next 2 largest centres combined.
40% of the market represents institutional clients, including pension funds and institutions across the globe.
Brazil is the seventh largest economy in the world with a population of over 200 million. It’s also the biggest economy in South America, accounting for over half of the continent’s Gross Domestic Product (GDP) in 2014.
Fund management in the UK
Find out more as to why the UK is a good place to manage and domicile your funds.