IA readies 'long-term asset fund' proposals - reports

To tackle liquidity issues

clock • 3 min read

The Investment Association (IA) is set to unveil proposals for a new type of fund, which would seek to avert liquidity crises such as the one engulfing the Woodford Equity Income fund.

New rules and guidelines for so-called "long-term asset funds" have been in development by an IA working group over the past year, the details of which are set to be outlined at the trade body's conference on Wednesday, according to The Times. The IA will publish a report detailing how the UK asset management industry will remain competitive post-Brexit, but will also seek to encourage people to invest for the long term. Woodford saga will have 'ramifications for active management' As a result, its new fund proposals are set to include limits on redemptions in open-ended funds, the...

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

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read