Assets under management held by Investment Association (IA) members grew to £9.4 trillion in the UK by the end of 2020, an increase of 11% compared to the previous year, according to the Investment Management Survey.
The annual assessment of the state of the industry found that total funds under management for UK investors also saw an 11% increase year-on-year, reaching £1.4 trillion in 2020. The recovery and resilience of the industry's recovery through the Covid-19 pandemic has been attributed to quick adaptation to home working, a focus on delivering for customers, and crucial interventions from the central banks. Chris Cummings, chief executive of the Investment Association, said: "The investment management industry demonstrated its long termism through the pandemic by supporting the companies it...
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