Long-term asset funds: Investment industry questions 'special treatment' for wealthy investors

Notice period raises concerns

James Baxter-Derrington
clock • 2 min read

The omission of retail investors from those eligible to invest in the new long-term asset fund structure has been questioned by investment industry commentators, who ask why wealthy investors have been afforded “special treatment”.

Dzmitry Lipski, head of fund research at interactive investor, said that while the LTAF was "initially intended for ‘pension funds' or ‘sophisticated' or ‘wealthy' private investors in the first instance", this does not explain why such a decision has been made. "We are particularly mystified about why wealthy investors warrant special treatment," he said. FCA sets out details for new long-term funds While Lipski added he was "alarmed" at plans to consult on wider retail distribution as early as next year, Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Chancellor unveils 50% relief

Cristian Angeloni
clock 30 October 2024 • 1 min read
Cash in Conversation: A poll for financial advisers

Cash in Conversation: A poll for financial advisers

Professional Adviser
clock 29 October 2024 • 1 min read
The challenges and opportunities for active managers

The challenges and opportunities for active managers

'We believe good active managers always have a place in a portfolio'

Darius McDermott
clock 29 October 2024 • 5 min read