It is less attractive to work in the UK than in other financial centres, according to a poll conducted by the CFA Society of the UK (CFA UK) which is hosting the global CFA Institute's annual conference in Edinburgh next week.
It is less attractive to work in the UK than in other financial centres, according to a poll conducted by the CFA Society of the UK (CFA UK) which is hosting the global CFA Institute’s annual conference in Edinburgh next week.
The organisation for investment professionals found that four in 10 (39 per cent) of its 9,000 members believe employment conditions in the UK were less attractive than in other jurisdictions. Less than a quarter of respondents (23 per cent) said employment conditions were better than in other financial centres and less than one third (31 per cent) said conditions were broadly the same.
Investment bankers and hedge funds “displayed a particularly jaundiced view”, the CFA said with almost half (45 per cent and 47 per cent respectively) considering UK employment conditions to be less attractive.
Will Goodhart, CFA UK chief executive, said the UK, and London in particular, enjoyed a high reputation as a centre for financial services, but he warned: “The tax burdens and increasing regulation could potentially threaten this position and our research certainly implies that more investment professionals believe there may be more interesting opportunities for them overseas.”