IA Comment: FCA policy statement - A new authorised fund regime for investing in long term assets

Responding the FCA's policy statement, A new authorised fund regime for investing in
long term assets, Jonathan Lipkin, Director of Policy, Strategy and Research for the Investment Association, said: 

"Investing in illiquid assets is a way for savers to diversify their portfolios and at the same time provide capital for companies and infrastructure, which boost the economy. The Long-Term Asset Fund will offer DC pension schemes and certain sophisticated retail investors a new way to access illiquid investments through a fund structure designed specifically for such investments, with notice periods that are consistent with the time it takes to sell the underlying asset.

"We welcome the FCA's policy statement and the commitment to look closely at allowing the LTAF to be sold to a broader range of retail investors, with appropriate safeguards, in the future. We look forward to working with policy makers, investment managers, distributors and other organisations to make the LTAF a success."

For further information, please contact:

Katie Martin, Head of Communications: [email protected]

T: +44 (0)20 7269 4655

Camilla Esmund, Communications Executive: [email protected]

T: +44 (0)20 7269 4625

IA press office: [email protected]

T: 020 7269 4696

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