Government and fund industry edge closer to LTAF agreement

Proposals 'plug a gap'

In response to a call for input on the UK fund industry, asset management commentators expressed their views across fund taxation, regulation and possible areas for overlapping reform within the Long-Term Asset Fund regime.

In particular, industry professionals declared their continued support for the introduction of Long-Term Asset Funds (LTAFs) into the UK investment landscape, which would allow market participants access to longer-term, less liquid assets like venture capital, private equity, and real estate. New rules, which came into force in November following a period of consultation by the FCA, outlined that LTAFs may be distributed to professional investors, high net worth individuals and sophisticated retail investors. LTAF: Industry asks why wealthy investors warrant 'special treatment' On ...