Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Following the Leeds Reforms announcement by chancellor Rachel Reeves, the government is looking to channel more long-term capital into the UK economy by opening up private markets to retail savers. A key change allows Long-Term Asset Funds (LTAFs) to be held within Stocks & Shares ISAs from April 2026. Alongside regulatory reform, product development is well underway. For example, Schroders Capital received approval last year to launch the first ‘retail' version of the LTAF, available to wealth managers with advisory and discretionary retail clients. This year, Schroders also announce...