The investment affairs arm of the Association of British Insurers (ABI), which amongst other things issues the influential guidelines on executive remuneration for UK quoted companies, has merged with the Investment Management Association (IMA). The IMA represents the UK investment management industry, its members managing assets worth over £4.5 trillion. The merged organisation is to be called The Investment Association from 1 January 2015 and it has assumed responsibility for the guidelines, which can still be accessed through the Institutional Voting Information Service (IVIS) website.
This seems a logical move, since the IMA issues guiding principles on investment policy and its activities include research and publications on various issues relating to asset management. The guidelines on executive remuneration are usually reviewed and amended towards the end of each year, so we wait to see whether this change of ownership will result in any difference in approach.