07
Jul
2016

Investment Association supports Productivity Leadership Group report as issue takes centre stage

Thursday 7 July 2016

Commenting on the launch of the Productivity Leadership Group's report today, Andrew Ninian, Director Corporate Governance and Engagement, said:

“Since the Government first put the British productivity puzzle at the core of its economic agenda the issue has continued to rise in prominence, and today’s report from the Productivity Leadership Growth is a welcome step forwards.

“Boosting UK productivity is crucial if we are going to build a better economy for all of society, and the Productivity Leadership Group’s report identifies a number of concrete ways in which businesses can contribute to productivity improvements in the UK. In particular, we welcome the decision to establish a Productivity Council to co-ordinate the way that businesses can work together and champion best practice in productivity improvements. In addition, the PLG report highlights the importance of companies and their investors working together to drive these needed productivity improvements.

“The Investment Association launched its Productivity Action Plan in March, welcomed by Government and referred to in the PLG report today, and our report focused on ways in which the investment industry can play its part to improve UK productivity. Our recommendations focused on ways to instil long-termism in British investment culture. We are now developing Long-Term Reporting Guidance which will set out how companies can report on the long term drivers of productivity and establish productivity Key Performance Indicators (KPIs).

“We look forward to working with the Productivity Council and businesses more generally as we get down to the crucial business of implementing both of these important visions for a more productive UK economy.”

-ENDS-

For further information please contact:

John Kenchington
Director of Communications
[email protected]
M 07834 089 332

Linsey White
Head of Media Relations
[email protected]
T 020 7269 4635
M 07508 724 022

Alex Hogan

Press and Digital Media Officer
[email protected]
T 020 7269 4620
M 07508 724 066

About the Investment Association:

  • The Investment Association is the trade body that represents UK investment managers who manage over £5.5 trillion on behalf of clients.
  • 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.

For further information, please contact:

For media, to receive the full consultation document, please contact Helen Ayres

Helen Ayres, Communications Manager: [email protected]

T +44 (0)20 7269 4620; M +44 (0)7508 724 066

IA press office: [email protected]

About the Investment Association (IA):

  • The IA champions UK asset management, supporting British savers, investors and businesses. Our 250 members manage £7.7 trillion of assets and the asset management industry supports 100,000 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 35% of all assets managed in Europe.