IA responds to new UK trade strategy
Commenting on the government's new trade strategy, Chris Cummings, Chief Executive of the Investment Association, said:
"Boosting trade is a crucial ingredient to generating growth in the UK. The UK's investment management industry is a truly global success story, with almost of half of assets managed for overseas clients, representing £4.2 trillion. We're proud that people from around the world choose the UK to help them to achieve their financial goals. That brings jobs and tax revenue to the UK, and means that crucial investment decisions are taken closer to home. We will be working with the government as it builds and deepens trade relations."
Notes to Editors -
New Government drives forward trade talks to turbocharge economic growth - GOV.UK (www.gov.uk)
Assets managed on behalf of overseas clients in 2022: Investment Management in the UK 2022-2023 - Chapter 1.pdf (theia.org)
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Europe - £2.4 trillion
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North America - £845 billion
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Asia-Pacific - £680 billion
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Latin America - £45 billion
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Africa - £25 billion
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.
