Anticipated Budget tax rises weighed on investors in October, as net retail sales of investment funds saw outflows of £5.9 billion, the third worst month on record, according to data published by the Investment Association (IA) today.
Director of Investment and Capital Markets Galina Dimitrova comments on the publication of the IA's position paper on the automation of IPOs and placing 'Block Trades'.
Karen Northey, Director of Corporate Affairs at the Investment Association, comments on the government's planned pension reform ahead of the Chancellor's 2024 Mansion House speech.
A summer glow came to an end in September, as net retails sales of investment funds saw outflows of £3.4 billion, according to data published by the Investment Association (IA) today. Following positive net flows in July and August (£1.4 billion and £806 million), September took Q3 net retail sales to a £1.2 billion outflow, which contrasts with the £4.4 billion inflows recorded in the previous quarter.
International regulatory coordination, boosting the UK fintech ecosystem and investing in skills and talent, form some of the key recommendations from the final report from the Technology Working Group on future AI use in the investment management industry. The industry-led Technology Working Group was established to identify how the UK investment management industry could harness the potential of innovative new technologies.
Our key purpose is to make investment better for savers and investors, for companies and their employees, and for the economy. That way, everyone prospers.
