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.”
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Notes to editors
- 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.
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