Investment Association comments on the FCA Asset Management Market Study update

Thursday 05 April 2018

Chris Cummings, Chief Executive of The Investment Association:

“We welcome the FCA’s announcement today on the latest steps in implementing the Asset Management Market Study.

“Our industry is committed to demonstrating, and delivering, good value to the millions of people who entrust their savings to us. We welcome the FCA recognising that people judge their asset manager by investment performance and service, as well as cost.

“We strongly support a greater emphasis on communication as well as governance to help customers better understand what they are investing in, what they are paying for and what they are getting in return.

“The IA is already working with the FCA in these important areas and looks forward to continuing this in the coming months.”

-Ends-

Notes to Editors:

For the FCA's annoucement: FCA sets out next steps to improve competition in the UK’s asset management industry
https://www.fca.org.uk/news/press-releases/fca-set...

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Anisha Patel, Head of Communications: [email protected]
T +44 (0)20 7269 4635

Helen Ayres, Media Relations Manager: [email protected]
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About the Investment Association:

• The IA champions UK asset management, supporting British savers, investors and businesses. Our 240 members manage £6.9 trillion of assets and employ 93,500 people 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 37% of all assets managed in Europe.