Is it the end of an era for the IMA?

Leading asset managers are calling for drastic changes to the way the IMA operates, with some arguing the trade body should no longer be responsible for sector names or definitions.

Investment Week understands a number of key figures in the asset management space are backing recent proposals from a thinktank at the Centre for Policy Studies, which argues the IMA should stick to being a trade body and appoint an impartial organisation to oversee its sector definitions. The calls for a fresh approach come as Richard Saunders, (pictured), chief executive of the IMA, announced last week he will step down from his position at the end of the year after an 11-year tenure. Earlier this month, a draft white paper from the Centre for Policy Studies written by Michael Johns...