RD:IR is proud to announce that we are once again the Gold Sponsor for the IR Society.

Our Managing Director, Richard Davies, commented: ‘In these times of change and challenge in the UK, it is of utmost importance that Investor Relations continues to widen and deepen its influence in corporate life as an anchor of rationality and best practice. We look forward to working with the IR Society for another year as Gold Sponsor to support its efforts across all its various activities.’

A spokesperson for the Society said: ‘We look forward to working with Richard and the team at RD:IR throughout 2019 and would like to thank them once again for their continuing support.’

We are looking forward to working with the IR Society once again and wish everybody a happy and successful 2019!


RD:IR and our shared building occupants were treated to a delicious array of baked goods yesterday, all in aid of raising money for Lymphoma Action, our chosen charity for the year. The contributions were incredibly generous and made for a brilliant accompaniment to an afternoon cup of tea.

There has been no clear favourite, with all goods enjoyably eaten, from the enormous Victoria sponge cake (complete with strawberries) to the more manageable banana & cinnamon cupcakes. A big thank you to our bakers, Renee, Morten, Vince, Samantha, Andrea & Isabel, and the efficient Charity Committee for putting together a great event for a great cause!


Richard Davies spoke this week at the Edison & Trust Associates Investment Company Seminar held at the offices of Edison in London. Richard set the scene for the seminar with an overview of the UK investment trust sector in terms of current and historic share ownership, based on RD:IR’s granular analysis of the share registers of our circa 200 investment trust clients.

The audience of investment trust chairs then heard from two representatives of the investor platform industry, Moira O’Neill of Interactive Investors and Mark Walter of Hargreaves Lansdown, who talked about how their platforms operated and the future of investment trusts on platforms.

With such uncertainty and potentially big market change coming up over the next few years, it was a great occasion to hear from other people working in the sector. We thank both Edison and Trust Associates for organising such an insightful event.


A hardened team of six RD:IR volunteers ventured out of London to Aylesbury on 12 March, swapping a day at the desk for a day of manual labour. Our task for the day was to help paint the offices of Lymphoma Action, our chosen charity of the year.

Following an early start, we arrived at the office and were tasked with finishing one of the office rooms on the top floor, with a spectacular view over the Buckinghamshire countryside. The team all worked as hard as they could throughout the day – fuelled by a steady flow of cups of tea kindly offered by the Lymphoma Action staff – and managed to finish that office, as well as the kitchen and hallway. We were very grateful to be given the opportunity to help a small charity in this way, saving them hundreds of pounds on decorators and allowing them to focus their time on continuing to provide support & advice to those affected by lymphoma.

Everyone at Lymphoma Action was very accommodating, and the day was thoroughly enjoyed by everyone who went along. A great day offering a great change of scenery for a great cause.



Last week saw the well-attended annual AIC Conference, this time hosted by etc. Venues on Bishopsgate. The afternoon was a great insight into the current state of investment companies, the investment industry and the wider economy, with a superb line-up of speakers introduced and moderated by a truly engaging Huw Edwards.

Following Huw setting the scene – against a backdrop of Brexit – the chief executive of the AIC, Ian Sayers, gave an overview of how investment companies are faring, and what their future may hold. All messages were positive, with a key takeaway here being that investment in alternatives is rising considerably. Younger generations are focusing their research on ESG, as well as a high ROI, before investing money somewhere, and thi

s is a trend that seems to be likely to grow over time. However, it is also true that younger generations have less cash to invest.

Joachim Klement of Fidante Capital took the stage after Ian. He was looking forward to see what the investment landscape may look like over the coming years. A constant theme was that infrastructure has been doing well recently and is going to continue to be an attractive investment for investors. Much of the room agreed, however, that private equity was going to grow a considerable amount over the next three years, more so than alternative credit. In addition to Ian’s points, Joachim took the stance that alternatives were likely to grow substantially over the next few years as well, especially in the ESG space that is currently dominated by equities and fixed income. Rather positively, the data put forward suggested that even in a worst-case scenario Brexit, listed investment funds are likely to grow 11% year-on-year over the next three years.

Helen Pitcher of Advanced Boardroom Excellence gave a talk looking at the idea of whether boards were truly future-proof. This primarily took the theme of diversity and equal pay, with Helen referring to PwC’s research on the topics – available here. Helen mentioned the fact that times were changing, referencing the addition of a computer programme to a board in Hong Kong. Continuing the theme of potentially great change, Guy Rainbird of the AIC came to the stage to speak about Labour’s economic vision for the UK should they come to power. He outlined their view on corporation tax and their will to overhaul the financial sector, as well as the approach of devolving power to a more regional level. One of Labour’s aims is to raise the corporation tax to 26% – much above the current 19%. This would be a huge rise, especially at an uncertain time, but would be fairly mid-range on a global level, with France and Germany being higher still.

The room was given another chance to voice opinion with the panel session involving Laura Bailey of Qadre, Hortense Bioy of Morningstar, and Rob McCargow of PwC. The question asked which issue would impact the asset management industry the most over the next three years: ESG, blockchain or AI. The room voted AI the clear winner. Hortense was at the conference to discuss ESG and referenced research that found ESG investments are not coming at a cost. If this is true, then it means that investors can focus more on ESG and still have a high ROI – a win-win situation. Rob spoke about AI and how it is currently affecting the asset management industry, predicting that it most likely won’t replace fund managers. A human element is always needed. However, that same AI is likely to drive a global GDP gain of $15.7tn by 2030. Laura gave the room a whistle-stop tour of blockchain and how it can be used in the asset management industry, with less need for intermediaries and an instant settlement time. 

Martin Wolf of the Financial Times was the last – and certainly not least – speaker to take the stage, imparting his wisdom of the economy and how it may look over the next ten years. A large task to undertake in only twenty minutes, but he did a brilliant job and was very insightful. Martin’s conclusion said that in ten years, Asia will account for around 50% of the world’s economy, with the USA being eclipsed by China. There is no logical reason this cannot and will not happen, considering that Asia accounts for over half of the world’s population. However, this may not be a smooth transition, and geo-political tensions will surely continue as the USA continues to lose ground to China. For the UK, the future was a little more uncertain, but Martin’s approach was that our role in the world will probably lessen when we leave the EU.

Overall, the afternoon was very interesting and a great opportunity to hear from some very insightful speakers. A big thank you to the AIC for organising another great event.