IA comments on the Financial Services and Markets Bill

Commenting on the Financial Services and Markets Bill, Chris Cummings, Chief Executive of the Investment Association, said: “The Financial Services and Markets Bill is an important pillar to ensure the UK remains a leading centre for global investment management delivering for savers and investors. Our industry welcomes the proposals in the Bill and hopes to see it deliver on its promise to promote innovation and provide a regulatory framework fit for the modern economy. We also welcome the increased focus on competitiveness and economic growth. This will be vital to enable our industry to provide the very best products and services, supporting UK consumers to secure a better future. We look forward to working with the government to deliver on these aims, so that the UK remains the most inclusive, open, and internationally attractive place to do business in the world.”

For further information, please contact:

Katie Martin, Head of Communications: [email protected]

T: +44 (0)20 7269 4655

Clive Booth, Communications Manager: [email protected] 

T: +44 7960 149 200

Camilla Esmund, Communications Executive: [email protected]

T: +44 (0)20 7269 4625

IA press office: [email protected]

T: 020 7269 4696

About the Investment Association (IA):

  • The IA champions UK investment management, supporting British savers, investors and businesses. Our 270 members manage £9.4 trillion of assets and the investment management industry supports 114,000 jobs across the UK.
  • Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
  • Our purpose is to ensure investment managers are in the best possible position to:
    • Build people’s resilience to financial adversity
    • Help people achieve their financial aspirations
    • Enable people to maintain a decent standard of living as they grow older
    • Contribute to economic growth through the efficient allocation of capital.
  • The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
  • The UK is the second largest investment management centre in the world, after the US and manages over a third (37%) of all assets managed in Europe.