Open-ended property fund closures fail to spark platform provider interest in LTAFs

Structure remains under review

Valeria Martinez
clock • 3 min read

The recent high-profile closures of UK open-ended property funds have failed to spark investment platform provider interest to adopt the Financial Conduct Authority’s Long Term Asset fund (LTAF).

In the last week, M&G and Canada Life Asset Management have suspended and set out plans to call time on their respective UK open-ended direct property vehicles due to a surge in investor redemptions and dwindling demand.  These two are the latest in a string of open-ended property fund closures in recent years, including Aviva UK Property and Aegon Property Income during the Covid-19 crisis.  M&G suspends open-ended UK property fund ahead of closure The FCA opened a consultation in 2020 into the future of open-ended property funds in a bid to reduce the potential for harm to invest...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

Investment platform TILLIT closes down

Investment platform TILLIT closes down

Closure to take place on 12 September

Sorin Dojan
clock 25 June 2025 • 1 min read
Woodford to charge up to £70 a month to access portfolio platform

Woodford to charge up to £70 a month to access portfolio platform

W4.0 launches

Cristian Angeloni
clock 06 June 2025 • 2 min read
Woodford sets launch date for portfolio platform

Woodford sets launch date for portfolio platform

W4.0

Cristian Angeloni
clock 03 June 2025 • 1 min read
Trustpilot