IA responds to the Government's Pension Investment Review
Jonathan Lipkin, Director of Policy, Strategy and Innovation at the Investment Association, commented:
"Today’s announcement marks the beginning of a new era for the U.K. pension system, bringing with it the opportunity to embed world class investment practice to the benefit of millions of savers and the wider economy.
"With the greater resources available to larger pension schemes, investment expertise and governance can be strengthened to achieve sophisticated scale. This will give pension savers access to a wide range of asset classes and strategies that can both improve member outcomes and contribute to better capital allocation, including for the UK economy.
"We look forward to working with Government, regulators and all stakeholders to build a new investment culture, in which sophisticated scale results in forward looking, effective delivery that means that mandated asset allocation never becomes necessary.”
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
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 £9.1 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.
