A-Day has been hailed as an historic opportunity for fund mangers by the head of the Investment Management Association (IMA) this morning.
Speaking at the Financial Services Authority’s Asset Management Conference, Richard Saunders, IMA chief executive, says A-Day will provide the investment industry with the opportunity to introduce “greater competition, new products and real benefits for consumers”. Saunders says it is widely acknowledged that pension provision in the future is increasingly going to be in the form of personal pensions and occupational defined contribution schemes, adding fund mangers could have an increasingly important role to play in this market as a result. He has also called into question the percep...
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