The path for suspended UK property funds to reopen has finally cleared with the Royal Institution of Chartered Surveyors (RICS) removing guidance on "material uncertainty" in the valuation of their underlying holdings.
A number of funds across the IA UK Direct Property sector remain suspended after independent valuers instigated Material Uncertainty Clauses (MUCs) in the wake of the coronavirus pandemic, with billions...
Dealing to resume nearly a year after suspension
Cash level raised to 21%
Advises a ‘general lifting’ of material valuation uncertainty
Tritax management team remains unchanged
Expected by Q2 2021
Pension boost from lockdown pain
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Made 12 acquisitions in 2020