The Association of Professional Fund Investors (Apfi) has issued a qualified response to the UK Investment Association paper on “Meaningful Disclosure of Costs and Charges“, which has outlined moves the fund industry could make to introduce more transparency around these issues. Apfi, which represents fund selectors across Europe, said that it generally agreed with the […]
Helena Morrissey, CEO of Newton Investment Management, is to become chairman of The Investment Association, the new industry body formed in the UK by the merger of the Investment Affairs division of the Association of British Insurers and the Investment Management Association.
The UK Investment Management Association, which represents managers responsible for some £4.5trn of AUM is set to merge with the investment activities of the Association of British Insurers, which represents some 90% of premiums in the country, or 7% of global insurance premiums.
Tony Stenning, head of UK Retail at BlackRock, comments on the October IMA fund statistics.
New standards for reporting costs and valuations of units in UK authorised funds have been proposed by the Investment Management Association in the UK.
The UK’s Investment Management Association (IMA) has begun publicly revealing Targeted Absolute Return funds’ rolling 12-month performance as part of a tightening of requirements, following widespread criticism of the sector.
UK fund industry body the Investment Management Association has criticised local regulator the FSA over its proposals to adjust the definition of absolute return funds, warning it risks putting UK-authorised products at a disadvantage.
Richard Saunders, the outgoing chief executive of the Investment Management Association, the trade body for the UK’s £4.2trn retail and institutional fund industry, has reviewed his time in a blog.
The UK Financial Services Authority has responded that it is not concerned about a vote carried by the European Parliament’s Economic and Monetary Affairs Committee (ECON) to effectively allow commission payments to retail clients under certain circumstances.
The UK’s Investment Management Association, representing the local asset management industry, has welcomed proposals put forward by IOSCO, the International Organization of Securities Commissions, for improved liquidity risk management in collective investment schemes.
UK manager Smith & Williamson Investment Management has promoted Robert Royle to co-manager of the group’s £82m North American trust, alongside Lady Tana Focke.
Leading asset managers are calling for drastic reform at the Investment Management Association (IMA), the UK’s asset management trade body, with some arguing it should no longer be responsible for sector names or definitions.