Should retail investors be given access to LTAFs?
Advisers will play a ‘key role’ in helping clients understand long-term asset funds
LTAF
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FCA: ‘Gaps observed in liquidity management’ could lead to ‘risk of investor harm’
Regulator warned that firms lack arrangements to combat market-wide redemptions
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FCA widens retail investor access to LTAFs
But the move has received mixed reviews from industry commentators
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BlackRock given FCA approval to launch LTAF
The fund will focus on private markets, such as infrastructure
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Aviva Investors launches £1.5bn LTAF
Largest UK-focused long-term asset fund to date
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FCA mulls broadening retail access to LTAFs
Certain investors would need to show they understand the risks and longer redemption periods before investing
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Uncertain future for UK property funds as LTAF rule change looms
Unclear whether inflationary benefits will tempt investors back into beleaguered sector
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Rishi Sunak faces lukewarm demand for LTAFs meant to boost post-Covid recovery
FCA focuses on DC pension schemes with further consultation underway before retail investors are included
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FCA takes forward plans to create long-term asset funds for illiquid assets
City watchdog is still examining whether the structure is appropriate for UK retail investors
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Investors sceptical FCA LTAF proposal is the panacea for property fund liquidity mismatch
‘It is the investing behaviours that need to change more so than the investment structure’
