AIC welcomes the Chancellor's Mansion House speech

AIC Chief Executive, Ian Sayers, says “we applaud the Chancellor’s plans to take a unique approach to strengthen UK markets.”


The Association of Investment Companies (AIC) welcomed the Mansion House speech today by the Chancellor, Rishi Sunak.

Ian Sayers, Chief Executive of the Association of Investment Companies (AIC), said: “Public markets have more than proved their worth during the pandemic. They have enabled companies to swiftly raise money, allowing them to ride out the tough economic conditions caused by the pandemic and participate in the UK’s recovery.

“We applaud the Chancellor’s plans to take a unique approach to strengthen UK markets. For example, the proposed prospectus reforms are exactly the sort of initiative to increase fund raising and develop sensible regulatory standards to benefit both shareholders and companies.”


Follow us on Twitter @AICPRESS

Notes to editors

  1. The Association of Investment Companies (AIC) was founded in 1932 to represent the interests of the investment trust industry – the oldest form of collective investment. Today, the AIC represents a broad range of closed-ended investment companies, incorporating investment trusts and other closed-ended investment companies and VCTs. The AIC’s members believe that the industry is best served if it is united and speaks with one voice. The AIC’s mission statement is to help members add value for shareholders over the longer term. The AIC has 361 members and the industry has total assets of approximately £249 billion.
  2. Disclaimer: The information contained in this press release does not constitute investment advice or personal recommendation and it is not an invitation or inducement to engage in investment activity. You should seek independent financial and, if appropriate, legal advice as to the suitability of any investment decision. Past performance is not a guide to future performance. The value of investment company shares, and the income from them, can fall as well as rise. You may not get back the full amount invested and, in some cases, nothing at all.
  3. To stop receiving AIC press releases, please contact the communications team.