Writing in his blog, the newly-appointed CEO revealed plans to raise the bar in terms of driving industry standards and operating practices, including improving cost efficiency and streamlining communication.
He also discussed improving the operating environment for investment managers, and working with regulators and politicians to build effective and trustworthy regulatory regimes, suggesting that there should be a focus on building public policies and tax regimes to encourage long-term investment.
Creating a trusted and growing industry was the third long-term goal, and he stressed the need for the IMA to aid in the development of financial capability, and the understanding of the need for long-term savings.
The most recent work announced by the IMA was the Absolute Return Sector Review conclusions, which many felt fell short of the overhaul that was needed.
Godfrey wrote: “We need to demonstrate our commitment to clients in the way we embrace ever-improving standards and two-way communication. Success leads to trust and trust leads to more people being more likely to make adequate and appropriate long-term savings.
“I know that investment managers take their responsibilities very seriously indeed. At the IMA the importance of our work and belief in our purpose gives us the best possible reason to get up every morning and come to work excited by what we do.”
