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City of London Frets About Life After 2020 | naked capitalism The City s financial services sector benefited hugely from the creation of the euro Now, a large part of that business is at risk

The City’s vast financial services sector benefited hugely from the creation of the euro, despite the UK not being a member. Now, a large part of that business is at risk. Trade deal or no trade deal, the UK’s all-important financial services sector, which accounts for more than one-tenth of the UK’s tax revenues and one-fifth of its service exports, is almost certain to lose its current access to the EU market when the withdrawal agreement transition period comes to an end, on December 31. And Brussels appears to have little intention of granting the sector equivalence status any time soon. 

BBC enters £3bn longevity swap with Zurich and Canada Life

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers

From house prices and mortgages to visas and roaming charges - what will happen when the UK finally leaves the EU?

From house prices and mortgages to visas and roaming charges - what will happen when the UK finally leaves the EU?
lancashiretelegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lancashiretelegraph.co.uk Daily Mail and Mail on Sunday newspapers.

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