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Budget 2020 : KPMG reaction: Government Consultation on UK Alternative Funds

KPMG reaction: Government Consultation on UK

Rachel Hanger, Head of Asset Management, KPMG UK , comments on KPMG reaction: Government Consultation on UK Alternative Funds.

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Responding to HM Treasury’s consultation into the UK’s alternative funds industry, Rachel Hanger, Head of Asset Management, KPMG UK says:

“This demonstrates the Government’s ongoing commitment to the success of the asset management industry. The sector makes an invaluable contribution to the UK economy, generating significant employment and tax revenue as well providing an essential service for the management of savings and pensions for millions of UK and overseas citizens. It is great that, post-Brexit, the Government is consulting on how to make the UK a more attractive location for alternative fund structures as part of a wider review of the UK funds regime.”

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For further information please contact:

KPMG Press office
Tel: +44 (0) 207 694 8773

Christina Bridge, KPMG Corporate Communications
07789 504905
Christina.Bridge@KPMG.co.uk

Olivia Shalofsky, KPMG Corporate Communications
+44 207 3112370
Olivia.Shalofsky@KPMG.co.uk

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 17,600 partners and staff. The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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