IA comments on broadening access to LTAFs
Commenting on the FCA’s announcement on widening retail and pensions access to LTAFs, Chris Cummings, chief executive at the Investment Association, said:
“We welcome today’s announcement from the FCA that retail investors and pension schemes will now have easier access to Long Term Asset Funds (LTAFs). This is an important step forward in broadening access to less liquid assets which can provide a valuable source of long-term returns for investors, enabling them to diversify their portfolios and achieve their financial goals. These investments in turn provide a valuable source of capital for the UK economy, funding infrastructure projects and powering long-term economic growth.”
For further information, please contact:
Helen Ayres, Head of Communications: [email protected]
T: +44 (0)20 7269 4620
Arianna Schardt, Communications Executive: [email protected]
T: +44 (0)20 7269 4625
IA press office: [email protected]
About the Investment Association (IA):
- The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £10 trillion of assets and the investment management industry supports 114,000 jobs across the UK.
- Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
- Our purpose is to ensure investment managers are in the best possible position to:
- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.
