Investment Association responds to the terms of reference of the FCA's market study The Investment Association | Investment Association 1 min read18 November 2015 Partner content In response to the Financial Conduct Authority's (FCA) announcement of the terms of reference for its asset management market study, Guy Sears, Interim CEO of The Investment Association, said: "As the FCA acknowledges, the UK's investment management industry is one of the most successful in the world. The industry is a critical conduit for savings to flow productively into the economy, and a highly important export sector. "We agree it is essential the whole investment chain functions effectively for its clients. We welcome the FCA's decision, alongside its core focus on investment managers, to also consider the role of distributors and investment consultants, reflecting their critical role in delivering the best outcomes for our clients." Related Trade Department Would Not “Hesitate” To Revoke Arms Licences To Israel By Tom Scotson 11 Apr Read the most recent article written by The Investment Association - Seven years of 0.5% rates - Gulf between cash and investments laid bare