Posted on by Nigel Ross-Scott

Press Release

PIMFA comments on HM Government preparations for a “No Deal” Brexit

24 August 2018

In response to the HM Government preparations for a ‘no deal’ scenario, PIMFA – the leading wealth management and financial advice association – reiterates the importance of keeping the interests of retail clients as a priority in the negotiations. PIMFA would like to see more detail as to how the government will address the risks posed to EEA clients under a “no Brexit deal” situation.

In our opinion, a main priority for the government should be to negotiate a deal with the EU that will provide necessary certainty to the private client investment, brokerage and advice sector in financial services, as well as the private clients and their families, whose savings and investments of approximately £1.5 trillion they manage. Minimising costs is a key factor.

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Notes for Editors

About PIMFA – the Personal Investment Management & Financial Advice Association

  • PIMFA is the leading trade association for firms that provide investment management and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
  • PIMFA represents both full and associate member firms. Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families, to charities and pension funds, all the way to trusts and companies.  Associate members provide professional services to the PIMFA community.
  • PIMFAleads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena.  Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
  • PIMFA was created in 2017 as the outcome of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) with a history as a trade association going back for 27 years – read more.
  • To read any or all of PIMFA’s Consultation Responses, please click here.
  • pimfa.co.uk

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