first_img Share Heads of City fund industry warn of threat from immigration curb Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof The UK’s strong position in the global fund management industry could be hit by government plans to curb immigration as well as higher tax and competition from rival financial centres, top industry executives warned yesterday.Talented traders could exit Britain – which is home to some £4 trillion in assets, making it the dominant centre in Europe – while firms could move operations to lower-cost countries with lighter regulation, speakers at a London conference said.Despite similar warnings previously from the financial industry, there has been no mass migration of top staff to other countries, but the speakers said they feared a drip-drip effect of fund managers and business units slowly heading overseas.“The traffic lights… are flashing red on tax (and) rhetoric around immigration,” Dick Saunders, chief executive of funds industry body the Investment Management Association (IMA), told the Financial Services Authority conference.“The risk is not that big firms get up and move, leaving empty offices in Canary Wharf. That’s not going to happen. The risk is rather one of attrition, of seepage, that individuals will move and functions will get offshored.” Thursday 16 September 2010 8:57 pm Show Comments ▼center_img KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyNoteabley25 Funny Notes Written By StrangersNoteableyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Tags: NULLlast_img