FICC Market Standards Board is good for savers says the Investment Association

The Association fully supports the launch of the FMSB and pledges to work with the Board and all market participants to help ensure market integrity and good conduct. This will improve outcomes for the ultimate beneficiaries who depend on investment managers to help them succeed in meeting their financial goals and to have a satisfactory income to live on as they get older.

The establishment of the FMSB was a recommendation of the Market Practitioner Panel, which was chaired by Investment Association Board Director, Elizabeth Corley.

Daniel Godfrey, Chief Executive of The Investment Association, said:

"The Investment Association and our members are committed to the success of the FICC Market Standards Board because success will ensure better outcomes for savers, the companies in which we invest and the economy. We look forward to working on the creation of the FMSB to make sure that it gets off to a great start, with sufficient teeth to get the job done."

The Investment Association represents over 200 members who collectively invest over £5.3 trillion on behalf of clients.