After Brexit, he said, "whether they are a UK citizen or a non-UK EU citizen, they will continue to be able to transfer their pensions to overseas pension schemes.
British institutions as well as many fund managers from the US and Asia, who have chosen London as their European hub and may soon lose easy access to the EU market, are affected, according to the study.
The Chancellor of the Exchequer has reiterated his warnings that Britain leaving the European Union without a deal would damage the economy. In a letter to the Treasury select committee, Philip Hammond said the British economy would be between 5 and 10 p
The Edinburgh-based fund house has been on a strong run, topping the second quarter retail sales charts with net inflows of £855 million, according to the latest Pridham Report.
Senior officials including Katharine Braddick, the Treasury’s director general for financial services, made the request to representatives from banks including Goldman Sachs, HSBC, JPMorgan and Morgan Stanley