IMA Quoted in the Press
IMA spokespeople are often quoted in the press. Here are some recent examples on a range of different topics.
You might also be interested to read published articles written by IMA staff.
March Statistics
The Telegraph, 3 May 2012
Sales of Isas plunge by 50pc as investors desert the stock market
Richard Saunders, Chief Executive at the Investment Management Association, said:
"Investor appetite picked up in quarter 1 which saw stronger inflows than during the second half of 2011. ISA sales in the last tax year were a reasonably healthy £2.1 billion, though well down on the levels of the previous two years.
"In March fixed income funds continued to see the strongest inflows from retail investors, who continue not to add significantly to their overall holdings of equities. Both reflect a trend which has been apparent since last summer."
PRIPS
Money Marketing, 27 April 2012
IMA chief wants UK support for Prips plan
Speaking at TheCityUK’s pension conference, Richard Saunders, IMA Chief Executive said:
“I think transparency in charges is critical. Within the fund sector, we do have an extremely transparent charging regime.
“There is legislation being put forward in Brussels shortly called the packaged retail investment products directive. This will seek to extend that sort of gold standard of charges disclosure to all products.
“It is going to run into a storm of resistance from the continental European banking and insurance industries. I suggest everyone in the industry gets behind the legislation and drives through gold standard transparency across the financial services sector.”
FSCS Levy
FT Adviser, 27 April 2012
FSCS reveals £78m investment levy for 2012
Calling for a fairer compensation scheme, IMA Chief Executive, Richard Saunders said:
“It would be much fairer, given that we cannot expect the taxpayer to meet the compensation costs, to spread them across all financial services firms when providers of more exotic products go down.”
ISAs
IFA Online, 25 April 2012
IMA backs HMRC's proposals for bulk ISA transfers
Commenting on HMRC’s ISA consultation Julie Patterson, IMA director of Authorised Funds and Tax, said:
"HMRC has made a number of suggestions which will make ISAs more efficient. Speeding up the transfer process [in this way] is one such welcomed measure."
AIFMD
Financial News, 13 April 2012
Fund Managers risk going unheard in regulatory dialogue.
Commenting on the consultation of the Alternative Investment Fund Managers Directive, Richard Saunders, IMA Chief Executive said:
“Throughout its passage, the AIFMD was extremely political. The political discussion was very ill-informed and it was very difficult to make sensible decisions heard.
“It was a very expensive effort. This is a continuing risk.”
IMA in the press