Richard Saunders
Richard Saunders, chief executive of the Investment Management Association, is to step down at the end of 2012.
The FSA is about to take on a very important task – reforming the funding arrangements for the Financial Services Compensation Scheme.
Net retail sales of tracker funds hit a record high of £1.9bn last year, up some £200m on 2010, according to the Investment Management Association (IMA).
Other Richard Saunders articles
It’s not difficult to imagine what your typical retail fund investor might say if asked whether he or she believes they are being charged fairly (especially if you know this person reads the Sunday papers).
Here's a New Year puzzle for you. Fund A has annual charges of 1.5%, and in addition incurs annual trading costs in its portfolio of 0.2%. Fund B also has charges of 1.5% a year, but its trading costs are 0.4% a year. Which is better value for money?
People in the UK are not saving enough for retirement, and radical action is needed.
Bonds funds continued to dominate new inflows in August and helped boost retail sales for the month to a record high, according to the IMA.
Net retail sales reached their highest level on record in 2009, up 45% on their previous best performance, according to the IMA.
Investors are less positive on the outlook for returns in 2010, with the numbers planning to invest falling by almost 50%, according to the IMA.
Investor confidence has not plummeted to the extent expected given the state of economic markets, according to the IMA's second bi-annual Great British Investor report.
The Investment Management Association (IMA) is calling on the FSA to investigate what it calls weaknesses with default arrangements in cash equity markets "as a matter of urgency".
Specialist funds were the most popular form of retail investment in 2006, as the dominance of property funds accounted for almost a quarter of the Oeic market.
Adair Turner has approached the Investment Management Association (IMA) to examine cost-effective ways in which National Insurance contributions might be pooled and put towards a pension.
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