HMRC weighs ISA ban on 'new' property fund investments

Response to FCA's planned 180-day notice period

Mike Sheen
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The proposals are problematic for investors using ISAs
Image:

The proposals are problematic for investors using ISAs

ISA investors could be banned from making new investments to open-ended property funds as part of the Government's response to Financial Conduct Authority (FCA) proposals to resolve the "liquidity mismatch" at the heart of the vehicles.

In August, the FCA proposed a series of measures designed to prevent frequent suspensions across the open-ended property fund market, including the implementation of a 180-day notice period for consumers...

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