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

Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read
Advisers urged not to let clients 'act too soon' ahead of Budget

Advisers urged not to let clients 'act too soon' ahead of Budget

Communication is about ‘staying calm and keeping clients focused’

Isabel Baxter
clock 22 October 2024 • 5 min read