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Scottish independence: Alliance reveals contingency plans | Scottish independence: Alliance reveals contingency plans |
(about 2 hours later) | |
Investment firm Alliance Trust has said it is setting up companies registered in England ahead of the independence referendum. | Investment firm Alliance Trust has said it is setting up companies registered in England ahead of the independence referendum. |
The Dundee-based company said it had to remain focused on the service "we provide to all our shareholders and customers across the UK and beyond". | The Dundee-based company said it had to remain focused on the service "we provide to all our shareholders and customers across the UK and beyond". |
Meanwhile, the boss of insurance giant Aviva said independence was not an issue for him to focus on. | |
Chief executive Mark Wilson said it was a matter for the Scottish people. | |
The comments from Alliance Trust came as it announced its annual results. | |
Describing 2014 as an "important year" for Scotland, the company said the referendum was causing "uncertainty". | Describing 2014 as an "important year" for Scotland, the company said the referendum was causing "uncertainty". |
Alliance Trust chief executive Katherine Garrett-Cox, said: "After five years of hard work and significant change at Alliance Trust, this year we have started to reap the rewards of that change." | |
She added: "The referendum in September is creating uncertainty for our customers and our business, which we have a responsibility to address. | |
"Regardless of the outcome it is critical that we are able to provide continuity of service and protection for their investments and savings." | "Regardless of the outcome it is critical that we are able to provide continuity of service and protection for their investments and savings." |
Ms Garrett-Cox said: "To give them full confidence, we have started work to establish additional companies registered in England, in order to provide operational flexibility and to complement our existing business in Scotland." | |
Mr Wilson's comments, on Sky News, came after the Aviva chief was asked if he had concerns about an independent Scotland not being able to keep the pound. | |
He responded: "Obviously we are looking with interest at what's going on, but I really think that's an issue for the Scottish people." | |
The chief executive added: "We operate all around the world and we operate in many jurisdictions and in many places so I really think that's not an issue for us to focus on." |