Investment Association responds to Prime Minister’s speech on Brexit
Tuesday 17 January 2017
Commenting on the Prime Minister’s speech today on Brexit, Chris Cummings, Chief Executive of the Investment Association, said:
“We welcome the Prime Minister's speech on Brexit, setting out the importance of avoiding a cliff-edge for financial services being provided to clients in the EU, and ensuring a pragmatic implementation period for the new trade deal with the EU.
“Much work is needed to ensure that the terms of the future relationship with the EU safeguard the interests of savers and investors throughout the world who make use of Europe’s pre-eminent asset management centre in the UK.
“The Prime Minister also emphasised the urgency of providing certainty for EU workers in the UK - who make up 11% of workers in the asset management sector. The asset management industry relies on the UK remaining open and attractive to global talent.
“We look forward to working with government to deliver the vision of the UK as the world’s leading investment hub.”
- ENDS -
For further information, please contact:
John Kenchington
Director of Communications
[email protected]
M 07834 089 332
Linsey White
Head of Media Relations
[email protected]
T 020 7269 4635
M 07508 724 022
Alex Hogan
Communications Manager
[email protected]
T 020 7269 4620
M 07508 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.
