Investment Management Association
Purpose:
The Investment Management
Association (IMA) is the trade body for the UK's fund management industry.
The IMA aims to foster the good reputation of the industry and to promote a
legal, tax and regulatory environment which is appropriate for the needs of
asset managers and their customers.
Membership: Its full
members are stand-alone investment management groups, the investment management
arms of insurance, banking and investment banking groups, independent niche
providers, and managers of occupational pension schemes. Affiliate members
include fund supermarkets, third party fund administrators, data providers,
consultants, and accountancy and law firms.
Founded: 2002, formed
from the merger of the Association of Unit Trusts and Investment Funds and the
Fund Managers Association
Based:
65 Kingsway, London
Structure: The IMA is a
company limited by guarantee. Its full members can vote at its general meetings
and elects its board of directors.
Chief executive: Richard Saunders
Senior Adviser - corporate governance:
Liz Murrall
Main corporate governance interest:
As a representative of institutional investors the IMA contributes to the
formulating of best practice in this area. Keen that shareholder proxy voting
disclosure is kept voluntary.
Connections with other organisations: Part of the Institutional Shareholder Committee (ISC)
made up of other major institutional shareholder bodies, the
National Association of Pension Funds, the
Association of Investment Companies and the
Association of British Insurers. The ISC produced a
statement of principles on shareholder activism in
October 2002.
Position towards government: Like other
trade bodies seeks to influence government, as well as the Financial Services
Authority, in all areas that affect the fund management industry.
Links
Investment Management Association
National Association of Pension Funds
The Association of Investment Companies
Association of British Insurers
Statement of Principles on Shareholder Activism
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