Association column: A post-Brexit UK fund structure
The UK needs its own fund structure post-Brexit. Despite the prestige enjoyed by London for its heavyweight status in financial services, the City’s success has not been the fillip it ought to be in the regions.
We believe a UK fund structure, to rival Luxembourg and Ireland-domiciled Ucits and AIFs, would be a positive first step in ensuring prosperity and opportunity is dispersed more evenly across the country. If successful, this could deliver a raft of new jobs to the UK’s funds industry and facilitate the onshoring of more asset servicing roles that have traditionally, and understandably, preferred what Ireland and Luxembourg could offer.