The Investment Management Association has issued a press release calling on the Government to make two practical changes in its representations for the 2010 Budget:

  • The abolition of stamp duty on funds would enable the UK to compete on equal terms with other EU countries.
  • The introduction of a new type of fund structure called a ‘contractual fund’ which would bring new opportunities for UK fund managers and investors.

View IMA calls for two measures to improve UK competitiveness, 3 February 2010