Has your fund manager agreed to put your interests first?

Posted by Robin Powell on October 8, 2015


Its now six months since the Investment Association the trade body for the UK fund industry drew up a Statement of Principles for every fund manager.

IA members, of which there are more than 200, were asked to make a public commitment to always put clientsinterestsfirst and ahead of their own.

So far just 25 firms are known to have signed up. Two non-signatories, M&G and Schroders, have now signalled their intention to leave the association. Three other firms that havent signed Aberdeen, Fidelity and Invesco are rumoured to have threatened to leave. The IAs chief executive, whose idea the Statement of Principles was, has been relieved of his duties.

Below is a list of the firms that have agreed to put their clients first. If your fund manager isnt on it, you might want to ask them why.


Alliance Trust InvestmentsNewton Investment Management
AXA Investment Managers UKOld Mutual Global Investors
Baillie Gifford & CoRathbone Unit Trust Management
BlackRock Asset ManagementRecord Currency Management
City of London Investment ManagementRoyal London Asset Management
EdenTree Investment ManagementSeneca Investment Managers
Henderson Global InvestorsSharefunds
Hermes Investment ManagementSkagen
HSBC Global Asset Management (UK)Smith & Williamson Investment Management
Kames CapitalT Bailey Asset Management
Legal & General Investment ManagementTwentyFour Asset Management
Liontrust Asset ManagementVanguard Asset Management
Majedie Asset Management
Source: Investment Association


You can read more about the IA’s Statement of Principles here.


ROBIN POWELL is a freelance journalist and the founding editor of The Evidence-Based Investor. Based in Birmingham, England, he founded Ember Television and Regis Media, and he specialties in helping disruptive financial firms to grow. He also campaigns for a fair, transparent and sustainable investing industry. You can follow him on Twitter at @RobinJPowell.



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Robin Powell

Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.


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