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Asset and wealth management is at the heart of the UK’s financial services, representing billions of pounds of savings and investments and providing funding to companies and governments in the UK, Europe and globally.
To ensure the sector’s continued success, a priority must be to create a simplified taxation framework and domestic fund regime that bolsters its competitive position.
Efforts must be made to attract and retain talent and ensure the right skills are in place to serve customers through their lives.
In addition, asset and wealth managers must focus on embracing innovation and leveraging data to boost efficiency and streamline the customer experience.