Investment/unit trust body hires govt affairs chief

The trade body for the investment management and unit trust sector has beefed up its lobbying efforts ahead of potential financial services legislation.

The Investment Management Association, formed in February this year through a merger of the Association of Unit Trusts and Investment Funds and the Fund Managers Association, has announced the hire of its first government affairs adviser.

Stephen Gilbert, formerly a consultant at PPS, took up the role this week, reporting to head of communications Clare Arber.

IMA chief executive Richard Saunders said: 'We need someone to improve our parliamentary links, especially as the next two years look like being a busy time for us.'

Possible legislation in the sector includes Treasury and Department for Works and Pensions plans to introduce rules on shareholders' duties.

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