Fund management giants Schroders and M&G will not renew their membership of the Investment Association when it expires later in the year.
The snub was first reported on Sky News. Schroders' head of investments Peter Harrison still sits on the Investment Association's board of directors; meanwhile, M&G's Will Nott has already stepped down...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November