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

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
Press release
31
Jan
2019

IA comments on ESMA's MOU announcement

Commenting on the announcement that ESMA’s Board of Supervisors has just approved a Memorandum of Understanding (MOU) between ESMA and the UK FCA, Chris Cummings, Chief Executive of the Investment Association, said: “Today’s announcement that the text of a Memorandum of Understanding between ESMA and the FCA has been approved brings much needed certainty for asset
Press release
30
Jan
2019

IA comments on the publication of the proposed new Stewardship Code

Commenting on the publication of the proposed new Stewardship Code, Andrew Ninian, Director of Stewardship and Corporate Governance at the Investment Association said:“The stewardship landscape has changed significantly since the Code was last reviewed, so it is right that it is being refreshed.“Asset managers are a key player in the stewardship process, providing
Press release
29
Jan
2019

IA comments on the Brexit votes in Parliament

Commenting on the votes in Parliament, Chris Cummings, Chief Executive of the Investment Association, said:“With exactly 2 months before the UK leaves the EU, asset managers and the millions of savers and businesses who rely on them are looking for greater certainty.“It is critical that every effort is now made to find a constructive path forward that protects