Image:
“We are particularly mystified about why wealthy investors warrant special treatment,” Dzmitry Lipski, head of fund research at interactive investor, said.
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",...
To continue reading this article...
Join Professional Adviser
- 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.
- Tap into our community intelligence through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
