The Chancellor’s comments recognise that investment must be at the heart our economy – providing for the financial futures of UK households through pensions that deliver good returns, even in the most challenging economic times, and powering growth by investing in British businesses.
We want the UK to be the most globally attractive place for companies to list, invest and do business. To remain internationally competitive, innovation is key, and we welcome the FCA’s new blueprint for significant reform and changes to the current listing rules to bolster UK competitiveness, while maintaining high standards of disclosure and transparency.
The signing of the MOU on financial services is an important milestone. A close partnership between the UK and EU, which recognises the long-shared history of cooperation, is of mutual benefit and will mean a more resilient and dynamic investment management sector across Europe that benefits citizens and businesses wherever they may be located.
The Investment Association (IA) and Thinking Ahead Institute have today launched a campaign to gather richer data on equity, diversity, and inclusion (EDI) across the investment management industry.
We strongly welcome the abolishment of the lifetime allowance and the increase of the pensions annual allowance. This removes unnecessary complexity and creates a clear and unambiguous incentive for people to save for retirement and helps them achieve their long-term savings goals. It also has the potential to provide additional funds for investment in UK businesses and infrastructure through DC pension schemes.
The Investment Association (IA), the UK’s trade body for the investment management industry which represents 250 members managing £10 trillion assets under management, has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member.
The Investment Association (IA) is calling on the Chancellor to announce measures that will allow investment managers to capitalise on international opportunities, strengthen the industry’s ability to support growth in the economy and help the three-quarters of UK households who use the services of an investment manager secure their long-term financial futures.
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.
