Investment Association Statement of Principles a success

The Investment Association’s (IA) Statement of Principles launched in April appears to have been successful, with 25 members controlling £1.8 trillion (€2.6 trillion) of assets having signed up.

The IA has published the names of asset management firms who have signed up to its Principles and it includes some of the largest global firms, including BlackRock Investment Management and Vanguard Asset Management.

Helena Morrissey, chair of the IA, says that signing up to the Principles is important to show that clients can trust the industry to put their interests first, ahead of its own.

The initiative was prompted by the introduction of auto-enrolment and pension liberalisation, meaning that millions of additional people will depend more directly on investment managers for their financial well-being than ever before.

“I am hugely encouraged that the Principles have got off to such a strong start,” says Daniel Godfrey, chief executive of the IA.

All signatories will publish a statement at the end the year explaining how it has put the Statement of Principles at the heart of their organisations and how they will identify and deal with any issues that could compromise their ability to uphold the Principles.

©2015 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST