UK investment consultants, which advise pension schemes, have joined a chorus of dismay from across the Atlantic at the prospect that US private equity firms might raise their fees in response to higher federal taxes on executives' earnings.
Geoff Singleton, a senior investment consultant at Hymans Robertson, which has historically specialised in advising the £100bn (â¬134bn)-plus local government pension sector in the UK, said he would advise his clients to resist the passing-on of tax hikes to investors in this way.
