Europe’s fund industry facing dispersal as Brexit looms
Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.
Brexit
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EU warns regulators to stop ‘letter box’ investment firms
A European watchdog has urged a crackdown on investment firms setting up ‘letter box’ entities across the continent in the wake of the Brexit vote.
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UK fund managers fear dud deal on Brexit
Most UK fund managers fear the government has no idea what the asset management industry needs from Brexit to secure a good deal, according to research by consultancy MJ Hudson.
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British expats blast UK’s ‘lacklustre’ offer on Brexit rights
UK citizens living in Europe have condemned the British government’s decision not to guarantee the rights of EU citizens living in the UK, despite plans to maintain reciprocal healthcare rights and the ‘triple lock’ on pensions.
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UK expats in EU offered pension ‘triple-lock’ and healthcare
The British government has announced it will maintain reciprocal healthcare rights and the ‘triple lock’ on pensions for the 1.2 million UK citizens currently living in the EU.
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ANALYSIS: Brexit one year on
It has now been a year since the UK electorate made, as a British fund manager put it recently, “a huge strategic error of the like the country hasn’t experienced in maybe a century” by voting for Brexit.
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Five Brexit scenarios for investors to chew over
Brexit negotiations are officially underway. But what’s the final Brexit going to be – hard, soft, wobbly, red white and blue? Or will the UK economy simply plunge off the cliff edge? Investors weigh in.
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British expats top agenda as EU kicks off Brexit talks
Securing a deal on reciprocal rights for millions of British expats living in the EU is set to be the “first aim” of Brexit negotiations, which kicked into action in Brussels on Monday.
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Gibraltar loses landmark lawsuit on EU passporting
Gibraltar has lost a landmark legal battle to be recognised as a separate EU state for tax purposes, in a ruling that deals a further blow to the British overseas territory’s hopes of securing a special status post-Brexit.
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ANALYSIS: Where should you invest after UK election shock?
The thesaurus doesn’t offer a decent alternative to “uncertainty”, the post-election word du jour, yet Theresa May’s dire performance makes it likely we will be reading the word many times a day for the foreseeable future.
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Int’l IFAs expect ‘softer Brexit’ as British PM clings to power
As Britain adjusts to the news that prime minister Theresa May will form a minority government backed by Northern Ireland’s Democratic Unionists, advisers around the world expect that the UK’s shocking hung parliament result will lead to a “softer Brexit” approach.
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Returning expat pensioners to cost UK £1bn post-Brexit
Tens of thousands of expat pensioners across the EU may return to the UK if the country fails to secure reciprocal healthcare rights after Brexit, with the cost of treating them on the NHS likely to double, warns a report by health charity the Nuffield Trust.