IA's Cummings: Industry needs to reinvent itself post-Brexit

Calls for 'new energy and impetus'

clock • 2 min read

The UK's financial services sector must be "reinforced and reinvented" as the country nears its departure from the European Union, according to the Investment Association's (IA) chief executive Chris Cummings.

Cummings called on both fintech and investment management firms to collaborate to bring "a new energy and impetus to our financial services expertise" in the IA's latest Investment Management Survey. The industry body said the sector's international competitiveness was one of four key themes identified by the survey, as it highlighted the importance of UK firms to global investors. The IA said UK investment managers looked after £7.7trn in assets under management (AUM) in 2018 - flat on the total AUM in 2017, but more than the next three largest European centres of France, Germany and...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Muted response as Labour names Grimsby Town FC co-owner next investment minister

Muted response as Labour names Grimsby Town FC co-owner next investment minister

After the sudden exit of Poppy Gustafsson last week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Hargreaves Lansdown and Schroders to launch double LTAF offering

Hargreaves Lansdown and Schroders to launch double LTAF offering

From next week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Darius McDermott: Complacency at the peak

Darius McDermott: Complacency at the peak

'Markets to hit new highs, while credit spreads are at multi-decade lows'

Darius McDermott
clock 08 September 2025 • 5 min read