IA responds to the Queen's Speech
Wednesday 21 June 2017
Chris Cummings, Chief Executive of the Investment Association, said:
“Today’s Queen Speech has, perhaps unsurprisingly, seen a watering down of much of the Conservative manifesto. However, a number of measures over the next two years will be of importance to our industry.
We will be watching with interest for the content in the Brexit Bills and any measures to help ensure our industry can continue to serve its clients and customers as the UK leaves the European Union. This means securing an arrangement with the EU which is reciprocal, reliable and will prioritise financial stability across Europe.
However, with corporate governance measures formerly front and centre of the last government’s programme, it is unclear where the Queen’s Speech leaves measures currently underway. We would welcome further clarity from government and look forward to a constructive discussion highlighting the needs of investors.”
- ENDS -
For further information, please contact:
Linsey White
Head of Media Relations
[email protected]
T +44 (0)20 7269 4635
M +44 (0)7508 724 022
Helen Ayres
Media Relations Manager
[email protected]
T +44 (0)20 7269 4620
M +44 (0)7508 724 066
About the Investment Association:
- The Investment Association is the trade body that represents UK investment managers who manage over £5.7 trillion on behalf of clients
- Our purpose is to ensure investment managers are in the best possible position to:
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- 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.
For further information, please contact:
For media, to receive the full consultation document, please contact Helen Ayres
Helen Ayres, Communications Manager: [email protected]
T +44 (0)20 7269 4620; M +44 (0)7508 724 066
IA press office: [email protected]
About the Investment Association (IA):
- The IA champions UK asset management, supporting British savers, investors and businesses. Our 250 members manage £7.7 trillion of assets and the asset management industry supports 100,000 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 35% of all assets managed in Europe.
