The Treasury has moved to allow long term asset funds (LTAFs) in Stocks & Shares ISAs as of next year as a “first step” of its ISA reforms.
Chancellor Rachel Reeves unveiled a series of measures in her Leeds Reforms – so named after where she announced them – aimed to making the UK the "one destination for financial services businesses by 2035". Deep Dive: UK behind in private markets access but 'boulder is rolling downhill' The move to allow LTAFs to be held in Stocks & Shares has been met with mixed response from investment services, as the product already split opinions due to its less-liquid asset nature. The LTAF was first conceptualised mainly for pension funds or ‘sophisticated' or ‘wealthy' private investors, b...
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