FCA's proposed redemption notice period could 'kill off' adviser use of property funds

On Monday morning (3 August) the FCA proposed steps to address the liquidity mismatch in open-ended investment funds, which have led to numerous fund suspensions in recent years. This consultation included an implementation of a possible 180-day notice period for consumers redeeming investments. In response, Barrett said the notice period feels like a "drastic option" and could potentially cause an issue. "If this happens it effectively kills off the property fund for use by advisers as a solution for all but a handful of retail clients. "In practical terms, and thinking particularly ...