Blog: Kay puts the spotlight on asset managers

THE KAY REVIEW

Investment Management Association (IMA) chief executive Richard Saunders discusses the Kay Review, and the key role asset managers play in UK equity markets.

Right now, John Kay’s interim report of his review into the equity markets is one of the best reads around. His brief is to examine whether our capital markets foster investment decisions that will benefit the economy in the long term. He does not give any clues as to his eventual recommendations, but the analysis of the issues is thorough-going and stimulating. His starting point is absolutely correct: that capital markets are there to help companies and public bodies raise money, and to help savers to invest. Everybody else is an intermediary. He also points out that, in today’s ...