Rathbones' Coombs calls for innovation as suspended property funds prepare for 'significant' write-downs

RICS assurance offers glimmer of hope

Innovation is needed within the UK property fund market to offer greater flexibility, diversification and protection for investors, according to head of multi-asset investments at Rathbones David Coombs, who is expecting substantial write-downs in the values of open-ended UK property vehicles when they eventually end their ongoing suspensions.