Investment Association (IA) meaning

This timeline outlines key developments in the UK regulation of central securities depositories, including under Assimilated Regulation (EU) 909/2014 (the UK Central Securities Depositories Regulation), from 2024 onwards. For earlier milestones, see Central Securities Depositories Regulation (CSDR)—timeline (Archived). 2026 26 January 2026 — IA: The Investment Association presents a roadmap for the move to T+1; IA: T+1 Settlement: Navigating the UK, EU and Swiss Transition [PDF]. UK Accelerated Settlement Taskforce Quarterly Review — Q4 2025: FCA welcomes the Accelerated Settlement Taskforce’s 2025 update on T+1 progress. The T+1 Accelerated Settlement Taskforce has issued its Q4 2025 progress review, detailing advances towards adoption of a trade-date-plus-one (T+1) settlement cycle, with 11 October 2027 as the current target. In tandem, the Investment Association (IA) released T+1 Settlement: Navigating the UK, EU and Swiss Transition, which sets out a proposed roadmap for shifting the UK and EU securities markets from trade-date-plus-two (T+2) to T+1. See: Progress report and roadmap published for transition to T+1 settlement cycle...

On 4 October 2024, the Investment Association (IA) set out proposals addressing costs, tax and regulation, aiming to help make the national pensions system operate more efficiently. Representing UK investors overseeing £2.2trn for pension schemes and £1.1trn via insurers, the association issued its report in reply to a call for evidence from HM Treasury and the Department for Work and Pensions as part of their pensions investment review, covering workplace pensions and the local government pension scheme. In the paper, the trade body argued that folding smaller pension schemes into bigger entities to boost efficiency, broaden investment exposure and bolster governance would be insufficient. It said: 'Explicitly embrace the concept of 'sophisticated scale', with an emphasis on the importance of strong governance, accountability and appropriate investment expertise as the starting point for success, regardless of size or legal delivery structure,' the report noted...

In this issue: Corporate governance Q&As New and revised content Key dates for your diary Weekly highlights across other practice areas Corporate governance ISS Governance has released its 2025 Proxy Voting Guidelines for the UK and Ireland, following the publication of its updated benchmark policies on 17 December 2024 (see: Share Incentives weekly highlights—19 December 2024—Corporate governance), and these will apply to shareholder meetings held on or after 1 February 2025. The revised guidelines mirror the changes announced in December, many of which incorporated amendments made by the Investment Association (IA) to its Principles of Remuneration issued in October 2024. Nonetheless, departing from the new IA Principles, ISS Governance considers a 5 per cent dilution limit to remain widely viewed as best practice by many investors—and therefore expects that authorisations to issue new shares under discretionary share schemes should not exceed 5 per cent of the issued ordinary share capital over any rolling ten-year period; where this is breached, an...

In this issue: Corporate governance Regulatory Global incentive issues Budgets, Autumn Statements and Finance Bills Q&As Useful information Share Incentives Weekly Highlights 2024/25 Weekly highlights from other practice areas Corporate governance ISS Governance announces 2025 benchmark policy updates ISS Governance, a prominent global source of impartial shareholder meeting research and voting guidance, has unveiled revisions to its 2025 Benchmark proxy voting policies. These changes will typically apply to shareholder meetings scheduled on or after 1 February 2025. For the UK and Ireland, updates on remuneration matters are particularly notable: Revisions broadly align with the refreshed Investment Association (IA) Principles of Remuneration issued in October 2024 (see: Share Incentives weekly highlights—10 October 2024—Investment Association publishes updated ‘Principles of Remuneration’) and the January 2024 amendments to the UK Corporate Governance Code (see: Share Incentives weekly highlights—25 January 2024—Corporate governance). Although ISS has adjusted elements to mirror the updated IA Principles concerning dilution parameters,...

ARCHIVED : This Practice Note has been archived and is not maintained. STOP PRESS: On 21 October 2025, within its Regulation Action Plan, the government stated it believed the Investment Association Public Register had fulfilled its role and accordingly asked the IA to wind it up. That day, the IA confirmed the register would cease to be updated, with its aims pursued instead via reporting against the UK Corporate Governance Code and continued stewardship work. Those objectives remain addressed through disclosure under the UK Corporate Governance Code and continuing stewardship activity by the IA. See: Policy paper—A new approach to ensure regulators and regulation support growth, and IA remarks on ending the Public Register. Accordingly, from that date this Practice Note is archived and is no longer maintained or revised. Evolution of the IA public register In November 2016, the Department for Business, Energy & Industrial Strategy (BEIS) issued a green paper concerning reforms to corporate governance and executive pay. See News Analysis: Lexis®PSL Share Incentives weekly...

ARCHIVED : This Practice Note has been archived and is not maintained. The government set out a series of actions in response to the coronavirus (COVID-19) emergency. For more information, see the following Practice Notes: Coronavirus (COVID-19)—tax implications [Archived] Coronavirus (COVID-19)—key issues for Corporate lawyers This Practice Note offers a high-level overview of how the coronavirus situation affected executive remuneration and monitors updates issued by the government and the principal institutional investor organisations. For wider coverage of the impact on share plans, refer to Practice Note: Coronavirus (COVID-19) impact on share schemes. For broader background on the leading institutional investor bodies, see Practice Notes: Directors’ remuneration—institutional investor guidelines and Comparison of UK Corporate Governance remuneration principles. The coronavirus job retention scheme and the Job Support Scheme (JSS) The Coronavirus Job Retention Scheme (CJRS), first announced on 20 March 2020, supported UK employers through grants to help them continue paying up to 80% of salary for unworked hours (capped at £2,500...

Published in September 2017, this guidance was jointly issued by The Chartered Governance Institute (CGI) and the Investment Association (IA). It aims to support a company’s board of directors in considering how they understand, and balance, the interests of their key stakeholders when making decisions. The CGI and the IA maintain that stakeholder engagement is essential for...