The chief executive of the Investment Association has said the development of consistent standards on environmental, social and governance investing will be key in helping the UK investment industry maintain its global pre-eminence.
Chris Cummings told FTAdviser 2021 been a year of monumental change for the investment industry.
He said the investment industry had faced “widespread challenges” such as Brexit which included navigating a wave of initiatives and regulatory reform to help the UK retain and develop its reputation as a leading financial centre.
“Especially within the context of our desire to ensure the UK remains the pre-eminent place for investment management – and that means driving our international competitiveness.
“Our industry is the second largest investment centre in the world, but true competitiveness must now go beyond the natural advantages the UK has, which has helped build its position over time.”
This article was originally posted at ftadvisor.com