So, will companies really want fund managers helping them spend their capital? It will be interesting to see how this pans out.
Green says he is already engaging with two FTSE 100 companies held within Aviva funds, though not every firm is going to be so transparent and willing to engage.
Still the Financial Reporting Council (FRC) has today welcomed the Action Plan, citing improving the UK’s productivity as a “key challenge for the nation’s future prosperity”.
“The Investment Association’s proposals to increase the attractiveness of the UK market to global capital inflows are closely aligned to the FRC’s core purpose and so we very much welcome them,” says executive director, codes and standards, Melanie Mclaren.
“The Association’s membership plays an integral role in developing a long term approach to investment and productivity and we look forward to working with them more closely on this.”
