City & Financial Global is delighted to announce its forthcoming virtual Summit on the Future of UK Fund Management taking place on 5th October.

This is a particularly challenging time for a sector which forms an important part of the UK’s financial services ecosystem and which contributes enormously to the UK economy. Post Brexit, the EU does not appear to be particularly sympathetic to delegation of portfolio management to a country outside the EU, and there is a real risk that swathes of portfolio management will move to Continental Europe.

The Government has responded with a series of proposals contained in the Treasury’s Review of Fund Management designed to bolster the UK’s fund management industry. These include a new tax regime to encourage funds to domicile in the UK rather than other jurisdictions; regulatory changes to speed up the authorisation process, particularly in relation to the Qualified Investor Scheme; the introduction of new fund structures; and spreading the benefits of fund administration to different regions of the UK.

The programme will address all these and many more issues including the difficulties of retaining talent and attracting talent from abroad to work in the UK, as well as perennial issues for investors of fund performance, fees and transparency.

Issues to be covered include:

• What are the key strategic challenges facing fund managers in 2021?
• What has been the industry response to HM Treasury’s Review, in particular the tax, legal and regulatory hurdles?
• Preventing an exodus of skills and overcoming immigration challenges in recruitment from overseas
• Latest developments in transparency, performance and fees
• Misconduct and mismanagement in the asset management industry: the regulatory response and enforcement action

Featuring a keynote address by Nick Miller, Head of Asset Management, Financial Conduct Authority, the virtual summit represents the definitive online meeting place for all asset managers affected by these wide-ranging reforms.

Conference website