The Chancellor’s comments recognise that investment must be at the heart our economy – providing for the financial futures of UK households through pensions that deliver good returns, even in the most challenging economic times, and powering growth by investing in British businesses.
We want the UK to be the most globally attractive place for companies to list, invest and do business. To remain internationally competitive, innovation is key, and we welcome the FCA’s new blueprint for significant reform and changes to the current listing rules to bolster UK competitiveness, while maintaining high standards of disclosure and transparency.
The signing of the MOU on financial services is an important milestone. A close partnership between the UK and EU, which recognises the long-shared history of cooperation, is of mutual benefit and will mean a more resilient and dynamic investment management sector across Europe that benefits citizens and businesses wherever they may be located.
February’s steady inflows were largely driven by bond funds, which saw inflows of £1.1 billion. Other funds followed the trajectory we saw in January, with North American equities and mixed asset funds continuing to see modest inflows in February.