05
Jul
2024

IA COMMENTS ON INCOMING LABOUR GOVERNMENT

Chris Cummings, CEO of the Investment Association, commented:

“On behalf of the investment management industry, I want to congratulate Prime Minister Keir Starmer and all members of the incoming Labour Government.

“We share the new government’s ambition to drive economic growth and build the financial resilience of our nation. There is much our industry can do to support the UK economy and people across our country, and we are keen to work with the new government to deliver a fast-growing economy.  

“This includes channelling productive capital into more thriving British businesses and infrastructure projects, helping more individuals to benefit from the higher pension and savings levels that investing can build, and fostering excellence in our industry with a highly skilled workforce that can continue to provide the best possible service.  The UK has a world leading investment management industry which can be the drumbeat of economic growth.

"We look forward to working closely with the new government to achieve these goals and deliver a globally competitive economy.” 

For further information, please contact:

Helen Ayres, Head of Communications: [email protected]

T: +44 (0)20 7269 4620

Ellen Hodgetts, Communications Manager: [email protected]

T: +44 7548841289

Ismail Abdi, Communications Executive: [email protected]

T: +44 7596 872575

IA Press Office: [email protected]

About the Investment Association (IA):

  • The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £8.8 trillion of assets and the investment management industry supports 126,400 jobs across the UK.
  • Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
  • Our purpose is to ensure investment managers are in the best possible position to:
    • Build people’s resilience to financial adversity
    • Help people achieve their financial aspirations
    • Enable people to maintain a decent standard of living as they grow older
    • Contribute to economic growth through the efficient allocation of capital.
  • The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
  • The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.