The Association of Investment Companies (AIC) was established in 1932 and is the trade body for the closed-ended investment company industry. We represent a broad range of closed-ended investment companies, including investment trusts, offshore closed-ended investment companies and venture capital trusts (VCTs). Our Members are traded on the London Stock Exchange, AIM, SFM, Euronext and the Channel Islands Stock Exchange.
The AIC is accountable to its Members through an elected Board. The Board comprises twelve Directors drawn from Member Directors, management group representatives and other industry stakeholders as well as the AIC’s Director General. AIC Members nominate and vote for future Board members annually.
The AIC's Members believe that the industry is best served if it is united and speaks with one voice. Our mission is to help Members add value for shareholders over the longer term.
The AIC's work focuses on the following five areas:
- Public affairs and lobbying
The AIC monitors, analyses and responds to political and regulatory developments that affect investment companies and their boards and represents the industry to ensure the best possible regulatory, tax and legislative environment. This involves dealing with issues emanating from the UK, EU and Channel Islands.
- Technical advice and guidance
Technical support and guidance is provided to Members and their advisers in areas such as accounting, tax, company law and regulation. In addition to receiving formal written guidance, Members also benefit from being able to contact the AIC directly to discuss issues of concern.
- Support services for Directors
This includes the provision of our Handbook for Directors, online Member centre, annual conferences for Directors and regular Director roundtables as well as guidance to assist Directors in meeting their regulatory obligations.
- Communication and media relations
The AIC aims to enhance the awareness and reputation of the investment company sector through proactive media and industry engagement. As well as promoting the investment company structure as an excellent means to invest, our media work has also included highlighting specific sectors such as VCTs, private equity and property.
- Website and statistics
The AIC publishes a broad range of statistics and information and aims to ensure that investors and their advisers are able to identify and compare investment companies within an industry agreed framework. The AIC website is our the key communication tool for all our activity and aims to be a one-stop resource providing the sector’s audiences with information according to their needs. Currently, we have on average around 16,000 visits to the site each month.
Next: Our website and publications
