Scottish groups step up contingency plans ahead of independence vote

clock

Scotland's £800bn fund management industry has begun to step up contingency plans in the event the country's populace votes for independence this September.

With polls indicating a close race and debates continuing over regulation and currency, the industry has increased its preparations. Firms based in Scotland include household names Aberdeen Asset Management, Baillie Gifford and Standard Life Investments, as well as a variety of mid-sized and boutique firms. Baillie Gifford said it has set up an internal working party and has spoken to both sides of the campaign, as well as the Scottish and UK governments. “Our main priorities at the moment in respect of the referendum are to monitor developments; to assess any impacts on our client...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read
Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read
Bank of England halts interest rate cuts amid ongoing inflation

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets

Sorin Dojan
clock 20 March 2025 • 2 min read