The Investment Association (IA) has today given the green light for exchange traded funds (ETFs) to join the IA sectors. Savers and their advisers will be able to compare ETFs against the 3,500 funds already in the IA’s 37 fund sectors from the first quarter of next year. The ETFs will be placed within the existing IA sectors, which enable comparison between open ended funds
The Investment Association (IA) has today revealed the second cohort of FinTech firms which will be joining Velocity, the IA’s innovation hub and FinTech accelerator for the buy-side and asset management industry.Following a rigorous selection process, five leading FinTech firms have been selected due to their innovative solutions, which aim to increase business efficiency
The Investment Association (IA), the trade body that represents UK asset managers, has today published figures on how savers invested in March. Net retail sales were negative in March, with £205 million of outflows from UK authorised and recognised funds, whilst Fixed Income experienced net retail sales of £810 million in March – the highest since January 2018.Global was
The Investment Association (IA), the trade body that represents UK asset managers, has today published figures on how savers invested in February. Net retail sales were negative in February, with £156 million of outflows from UK authorised and recognised funds.Europe and UK equity funds continued to experience net retail outflows of £453 million and £236 million,
The Investment Association have published the executive summary of their response to the FRC consultation on the proposed new stewardship code, which welcomes the broad direction of travel but highlights several key areas where the proposed code falls short of creating the better market for stewardship that shareholders want. The executive summary is available
Ahead of the government’s Gender Pay Gap reporting deadline of 4 April, the Investment Association has today launched a new report which looks into the make-up of the gender pay gap in the asset management sector. The report also brings together some of the flagship initiatives that the industry is taking to help narrow the gap and provides recommendations for benchmarking
Investment20/20, a part of the Investment Association, has appointed Jenny Barber to the newly created position of Director of Careers and Talent, as part of Investment20/20’s expansion and push to grow a diverse talent pool for the industry.Jenny, formerly Director of Programmes for the national education charity Career Ready, will be responsible for delivering a programme
The Investment Association and the Hampton-Alexander Review have written to 69 of the FTSE 350 companies, outlining concerns about the lack of gender diversity on their board.The letter, which has been sent to companies who have no women or just one woman on their board, asks companies to outline what action they are taking to make progress and ensure they are meeting the
Commenting on the result of the Meaningful Vote, Chris Cummings, Chief Executive of the Investment Association, said:“It is extremely disappointing that after such long negotiations and a second meaningful vote, the Brexit uncertainty continues. “We are now merely weeks away from the Article 50 deadline, and it is critical that every effort is made to avoid a no-deal exit from the EU. This is
The Investment Association (IA), the trade body that represents UK asset managers, has today published figures on on how savers invested in January.Net retail sales were negative in January, with £859 million of outflows from UK authorised and recognised funds.Europe and UK equity funds continued to experience net retail outflows of £450 million and £135 million,
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