Long-term asset funds: Investment industry questions 'special treatment' for wealthy investors

Notice period raises concerns

James Baxter-Derrington
clock • 2 min read

The omission of retail investors from those eligible to invest in the new long-term asset fund structure has been questioned by investment industry commentators, who ask why wealthy investors have been afforded “special treatment”.

Dzmitry Lipski, head of fund research at interactive investor, said that while the LTAF was "initially intended for ‘pension funds' or ‘sophisticated' or ‘wealthy' private investors in the first instance", this does not explain why such a decision has been made. "We are particularly mystified about why wealthy investors warrant special treatment," he said. FCA sets out details for new long-term funds While Lipski added he was "alarmed" at plans to consult on wider retail distribution as early as next year, Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdo...

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