LTAF or having a laugh?

Does anyone want one?

In November of 2020, then chancellor Rishi Sunak set out his plans for "renewing the UK’s position as the world’s pre-eminent financial centre” in his Financial Services Statement.

These plans included the issuance of the UK's first-ever Sovereign Green Bond, the review of the UK's listing regime and the introduction of the Long-Term Asset Fund (LTAF). Now, almost, two years after this introduction, the Financial Conduct Authority has issued a consultation paper setting out a proposal to broaden retail access to LTAFs, but the question remains: What is an LTAF? And does anyone actually want one? The concept behind the LTAF was to create an authorised open-ended fund that enabled investors to invest in long term illiquid assets (venture capital, private equity, p...