The Investment Management Strategy II, published on 6 December 2017, sets out the government’s long-term approach to enhancing the UK’s position as a centre for asset management. The overarching objective is to ensure that the UK asset management industry continues to thrive and delivers the best possible outcomes for consumers, businesses and the UK economy.
Building on the success of the first strategy for the sector published in 2013, the Investment Management Strategy II targets a broader range of policy areas. It sets out the policy initiatives that the government, in collaboration with the industry and the regulator, will take forward to:
enhance the government, regulator and industry dialogue
maintain stable tax and regulatory environments
strengthen the asset management domestic skills pipeline
advance the development of asset management FinTech solutions
support UK asset managers to be global leaders in developing innovative investment strategies (such as green finance and social impact investment)
continue a coordinated programme of international engagement to attract overseas firms to locate in the UK and promote UK firms overseas