PIMFA Responds to Parliament Votes on Brexit Next Steps
Wednesday 30th January 2019
In response to the Government’s vote against a series of proposed amendments to delay Brexit in order to prevent the UK leaving without a deal, PIMFA, the trade association for the personal investment management and financial advice sector, re-emphasises the need for transition arrangements and the avoidance of a ‘no deal’ Brexit.
John Barrass, PIMFA’s Deputy Chief Executive, commented:
“PIMFA continues to reiterate strongly that a ‘no deal’ situation should be avoided. We view the transition arrangements enshrined in the draft Withdrawal Agreement rejected by Parliament as being the minimum necessary to allow for smooth changes and a one-step Brexit, as required by our members and for which we have argued persistently for a long time. This will allow the firms to make appropriate alterations and develop suitable strategies post-Brexit to help their clients plan for their financial futures, ensuring minimum disruption and maximum continuity to the essential services the firms provide to help individuals and families.”
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.
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