FCA launches consultation to broaden access to LTAF

Tightens high-risk advertising rules

The FCA has launched a consultation which could see Long Term Asset Funds marketed to a wider group of retail investors and schemes in future.

These proposals would provide access to non‑traditional investments, which consumers might use to diversify their portfolio and for potentially higher returns, while still offering strong consumer protection. The FCA said it wanted feedback by 10 October and would confirm its final rules early next year.  Government and fund industry edge closer to LTAF agreement Nathan Long, senior analyst at Hargreaves Lansdown, said: "With a sharp focus on understanding consumer behaviour, the FCA is introducing pragmatic rule changes to clamp down on retail investors buying high-risk investmen...