Responding to the Chancellor’s speech on financial services and exiting the EU, Chris Cummings, Chief Executive of the Investment Association (IA), said: “The IA welcomes the Chancellor’s focus today on financial services and the Government’s recognition that the asset management industry needs clarity and certainty as we plan for Brexit.
The Investment Association (IA) has today published a series of guidelines designed to ‘shine a light’ and address a number of concerns in the use of Last Look. These guidelines form part of the IA’s call for greater transparency in the use of Last Look, and seek to address concerns that it can negatively affect the ability of asset managers to meet the needs of their clients
The Investment Association (IA) has today announced that it will be launching a specialist FinTech Accelerator for the asset management industry. The new IA Accelerator – named VeloCity – will be launched later this year and is part of the asset management industry’s drive to boost innovation and speed up the adoption of new emergent technology across the sector.
Commenting on TalkTalk Telecom Group plc announcement this morning of a £200 million placing of ordinary shares representing 19.99% of existing issued share capital, a spokesperson for the Investment Association said:“This placing on a non-pre-emptive basis ignores a fundamental shareholder right and a cornerstone of the UK capital raising system.
The Investment Association’s monthly statistics of UK investor behaviour in December 2017 show:2017 was a record breaking year with net sales into UK authorised funds reaching £63 billion Funds under management ended the year at an unprecedented £1.2 trillionFixed Income had its best-selling year and was the best-selling asset class in 2017, with a total of £14.3