The Investment Management Association (IMA) has said that reforms recently announced in the annual Budget report have made UK finds more attractive to those looking to invest .
Changes to investment rules have allowed more tax efficient funds, simpler tax rules and the ability to market competitively to UK and international investors, according to the IMA.
More efficient settlement processes have also been enabled by the Budget reforms, allowing title to units and shares in investment funds to be transferred electronically.
Julie Patterson, director of authorised funds and tax at IMA, said: "IMA fully endorses the view that one of the most valuable outcomes of the joint working group on UK fund tax reform has been the improved consultation and strengthened trust between the industry and government."
Investment fund manager JP Morgan recently launched onshore bonds aimed to achieve three per cent higher returns than the Merrill Lynch GBP Broad Market Index.
Budget makes UK investments more attractive, says IMA
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Budget makes UK investments more attractive, says IMA
Fri, 01 May 2009
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