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IMA members manage over £3 trillion

Members of the Investment Management Association managed over £3.1 trillion for clients at the end of last year, according to the IMA annual industry survey.

The survey shows the UK asset management industry is becoming increasingly international with £800 billion, or 27 per cent of total assets, being managed on behalf of overseas clients.

Of the £650 billion funds under management for retail clients, over a third is domiciled in Luxembourg, Dublin and other overseas locations.

IMA chief executive Richard Saunders says the asset management industry is a major component of the UK financial services sector and is of critical importance to the UK economy.

He says: “It is operating against a backdrop of evolving markets offering increased opportunities both domestically and internationally.

“During the course of our interviews we found that firms continue to be positive about the UK as a location in which to do business although there remain concerns about the cost of regulation and tax compliance. And, while the commercial environment for firms has been buoyant of late, chief executives are considering carefully how to respond to the changes that they foresee in the coming period.”


Midas touch

Simon Edwards, who earned an excellent reputation as chief investment manager of the Merseyside pension fund and before that as a director of Credit Suisse, founded Midas Capital just over five years ago and has built up funds under management of more than £1bn.

Home economics

Sales of equity release plans are at record levels and the market looks set to grow significantly in the second half of the year as the market wakes up to the benefits that more flexible drawdown plans can offer. Gregor Watt reports

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]


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