IA comments on the government's 'Growth Plan 2022'
Commenting on the government's 'Growth Plan 2022', Chris Cummings, Chief Executive of the Investment Association said:
“Investment managers support the government’s ambition to boost long-term growth and international competitiveness, and to help businesses and savers weather the difficult economic environment.
“Measures which unlock new investment opportunities help provide for the financial futures of UK households, as well as offering additional investment for UK businesses and the broader economy. We specifically welcome the pensions charge cap reforms, which will enable investment into a wider range of assets, such as infrastructure projects and property. Initiatives to boost investment in science and technology firms will also help support innovation and growth.
“We look forward to working with the government as it reviews this regulation, and on the wider package of measures to unleash the potential the UK financial services sector expected this autumn.”
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.
