Read our latest press releases covering IA and industry news, developments and events.

Press release
07
Mar
2019

Savers remain cautious as net retail outflows ease

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,
Press release
06
Mar
2019

Velocity & B-Hive partnership links FinTech hubs in pan-European collaboration

For immediate release: 06 March 2019The IA’s FinTech innovation hub and accelerator, Velocity, and Brussels-based FinTech ecosystem B-Hive have today signed a partnership designed to boost FinTech innovation across the asset management industry by promoting pan-European collaboration.The partnership signed by Fabian Vandenreydt, Executive Chairman, B-Hive and Peter Harrison, Chair of the IA
Press release
05
Mar
2019

IA expands property fund expertise by joining forces with AREF

The Investment Association (IA) and the Association of Real Estate Funds (AREF) have today announced that the two organisations have signed a memorandum of understanding that AREF will become a member of the IA. This new partnership will enable the IA to better represent all aspects of the property fund industry and the savers and investors who are its customers. Property
Press release
21
Feb
2019

IA launches roadmap to guide asset managers to post-LIBOR world

The Investment Association (IA) has today launched a roadmap to guide asset managers through the transition from LIBOR to SONIA, the new risk-free rate.The roadmap, jointly produced with Oliver Wyman, outlines a series of steps designed to help asset managers complete the transition by 2021, the date by which the FCA plans to retire the benchmark rate.With over $240
Press release
21
Feb
2019

Investors to target pension perks and poor diversity in 2019 AGM season

Ahead of the starting gun being fired on the 2019 AGM season, the Investment Association (IA) has announced it will highlight companies who are lagging behind on diversity, or pay pension contributions to executive directors at rates above the majority of the workforce.The IA’s Institutional Voting Information Service (IVIS) which provides corporate governance research to
Press release
20
Feb
2019

IA helps fund managers speak to savers in their own language

The Investment Association (IA) has today launched new guidance to help fund managers communicate more clearly with UK savers. Three-quarters of investors struggle with technical terms, according to consumer testing carried out in partnership with The Wisdom Council, with savers facing the following challenges: Difficulty understanding a range of commonly-used
Press release
15
Feb
2019

FTSE100 pay and director re-election spark renewed shareholder rebellion at 2018 AGM season

New analysis of voting trends during the 2018 AGM season published today shows that shareholder rebellions rose by over a quarter in 2018, landing 120 companies on the Investment Association’s Public Register of shareholder votes. The new data compiled by the Investment Association, the trade body that represents the UK’s asset management industry, shows that 120 FTSE All-Share companies were
Press release
07
Feb
2019

Fund markets dip in 2018 as savers react to uncertainty

The Investment Association (IA), the trade body that represents UK asset managers, has today published figures on how savers invested in 2018:
Net retail sales for 2018 were £7.2 billion, in comparison to £48.5 billion in 2017
UK equity funds saw net retail outflows of £4.9 billion in 2018.
Global was the best-selling sector of 2018 with net
Press release
06
Feb
2019

IA targets doubling of assets to £15trn in the next decade

The Investment Association is today setting out an ambitious target to double the assets under management to £15trn in the next decade, as part of a plan to enhance the UK’s competitiveness and reputation as a global hub for asset management.IA members currently manage £7.7trn of assets, and are committed to doubling that. The goal forms part of the Investment
Press release
04
Feb
2019

IA comments on FCA remedies from the Asset Management Market Study

Commenting on the FCA’s policy statement outlining the second set of remedies from the Asset Management Market Study, Chris Cummings, CEO of the IA, said: “The IA supports the FCA’s aim to improve the clarity with which fund objectives, benchmarks and performance are communicated to savers and investors. We are committed to increasing transparency and promoting