CISI Professional Practice Exam 2025 – Complete Prep Guide

The Investment Association is the organization responsible for classifying and evaluating investment funds. This role is crucial as it provides standards and benchmarks for investment products, which helps investors make informed decisions. The Investment Association plays an important part in the investment management sector in the UK, issuing guidelines and promoting best practices among its members.

In contrast, the Financial Conduct Authority primarily focuses on regulating financial markets, ensuring consumer protection, and maintaining market integrity, rather than specifically classifying investment funds. The Bank of England is more concerned with monetary policy and financial stability rather than directly dealing with investment fund classifications. Lastly, the Financial Ombudsman Service addresses disputes between consumers and financial services providers, but it does not play a role in the classification or evaluation of investment funds.