Government has levelled asset management playing field - IMA

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UK - New proposals that allow asset managers to set up non-occupational registered pensions schemes next year will level the playing field between the various financial services firms, said Investment Management Association (IMA) chief executive Richard Saunders.

The current law only allows CIS operators, banks and insurance companies to establish such schemes, but that is set to change for asset managers, fund supermarkets and wrap providers in April next ...

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