Investors are urging the Chancellor to use his upcoming Budget to ensure the smooth transition to the green economy of the future, boost the competitiveness of the UK economy, and support a strong savings and investment culture.
Engine, the Investment Association’s specialist FinTech accelerator and innovation hub for the investment management industry, has opened applications for a fifth cohort of cutting-edge FinTech innovators to join the Engine Innovator Programme.
UK Investors continued to demonstrate their appetite for funds as inflows reached over £5.3 billion through August, according to data published today by the Investment Association. This represents the first time retail fund sales in the month of August have exceeded £5 billion.
Total funds under management (FUM) for UK investors have also seen an 11% increase year on year, reaching £1.4 trillion in 2020. Quick adaptation to home working, a focus on delivering for customers, and crucial interventions from the central banks were all key aspects of the industry’s recovery and resilience through the Covid–19 pandemic.
Fundipedia, a FinTech innovator and member of IA Engine, is collaborating with the Investment Association (IA) to improve an important data service that helps make it easier for the industry to speed up the transfer and re-registration of retail investors’ holdings as they move between platforms. The upgraded IA Common Shareclass Register (CSR) powered by Fundipedia, which contains listings for over 6,000 individual funds for 130 retail-facing investment firms went live on 1 September.
Investors channelled £295 million into funds investing in UK companies in July, in the second consecutive month of inflows to the UK All Companies sector, July data published today by the Investment Association (IA) reveals. The FTSE All-Share rallied towards the end of the month and the outlook for dividend payments continues to strengthen, which may be contributing to more positive investor sentiment towards UK shares. The FTSE All-Share total return year-to-date is 11.68%.The other key findings for July include:
A new industry-leading programme to boost early-stage FinTechs has been launched today by Engine, The Investment Association’s specialist FinTech accelerator and innovation hub for the investment management industry.