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

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...