Investment managers are calling for pay packets of senior leaders of FTSE companies to be kept in check during the ongoing cost-of-living crisis. This year’s annual pay guidelines for FTSE companies, set out today in the Investment Association’s (IA) Principles of Remuneration and letter to Remuneration Committee Chairs, asks that additional restraint is shown for executive salary increases, as many UK households struggle with the increased cost-of-living. The Principles set out what investors will be looking for from investee companies regarding executive pay in the 2023 AGM season.
UK savers took £7.6 billion out of funds in September 2022, in the eighth month of net retail outflows this year, according to data published today by the Investment Association (IA). This is the second highest ever outflow from retail funds, after March 2020 when outflows hit £9.7 billion.
Chris Cummings, Chief Executive of the Investment Association (IA), has today been elected Board Chair of the International Investment Funds Association (IIFA), a global organization whose members are national and regional associations representing the investment funds industry.
Following on from the success of the 2021 pilot program, the Investment Association (IA) and #TalkAboutBlack, part of the Diversity Project, have launched the Black Leaders Programme, a cross-industry mentoring and reverse mentoring programme for senior Black professionals in investment management.
UK savers took £2.6 billion out of funds in August 2022, in the seventh month of net retail outflows this year, according to data published today by the Investment Association (IA). This takes outflows for 2022 to £14.6 billion.
Assets under management held by Investment Association members reached a milestone £10 trillion in 2021, according to the latest Investment Management Survey, the annual assessment of the state of the industry.