AIC responds to Labour's election victory
Investment companies well placed to help the new government deliver.
Following Labour’s landslide victory, Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “Congratulations to Sir Keir Starmer on becoming Prime Minister. We wish him and his government every success.
“Growth was one of the main issues highlighted during the General Election campaign. The Labour manifesto emphasised the party’s plan to kickstart economic growth, invest in the UK’s infrastructure and drive wider wealth creation.
“The investment company structure, which has delivered for investors for over 150 years, is well placed to help Labour achieve their growth objectives. Our investor base is diverse – from institutions to individuals saving for their retirement – and we invest in a broad range of asset classes, from UK stocks and shares to infrastructure and private equity, bridging the gap between private assets and public markets.
"The investment company structure, which has delivered for investors for over 150 years, is well placed to help Labour achieve their growth objectives."
Richard Stone, Chief Executive of the Association of Investment Companies (AIC)
“Everyone recognises that more needs to be done to reinvigorate the UK’s public markets, raise levels of savings and investment and increase investor engagement. We have made constructive proposals on all these issues and look forward to working with the new government to progress them.”
Find out more about the AIC’s five key priorities to reinvigorate capital markets, mobilise private capital and drive UK growth, innovation and productivity.
- Reform of financial services regulation, including cost disclosures
- Supporting the UK’s growth businesses
- Reinvigorating the UK’s equity markets
- ISA reform
- Pension reform
- ENDS -
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Notes to editors
- The Association of Investment Companies (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 vision is for investment companies to be understood and considered by every investor. The AIC has 330 members and the industry has total assets of approximately £273 billion.
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