IA launches member consultation after 'unsettling' week

An eventful week for the trade body

The Investment Association has launched a member consultation into its priorities, following the resignation of its chief executive Daniel Godfrey as some of its largest members threatened to quit the organisation.

Godfrey resigned on Tuesday, following a meeting of the IA's board to address the pressing concern that some of its largest members were reportedly planning to quit their memberships in the industry body. M&G and Schroders were some of the largest groups reported to be planning not to renew their memberships in the organisation when they ran out, and others were set to follow. In response to the events, the IA has issued a statement from its interim chief executive, Guy Sears, appointed after Godfrey's exit, and has announced it will begin a consultation with its members. Sears sai...