Economic secretary commits to investment trust even playing field

Minister was grilled on Edinburgh Reforms and crypto industry

clock • 3 min read

Economic secretary at HM Treasury Andrew Griffith said he would work with industry bodies and other politicians to ensure investment trusts are treated fairly with regards to retail disclosure and beyond.

In a Treasury Select Committee meeting yesterday (10 January), the first of 2023, the minister was grilled on the Edinburgh Reforms and the crypto industry. Committee member John Baron applauded the removal of the PRIIPs regime and the launch of government and regulatory consultations. However, he went on to say the current consultation from the Financial Conduct Authority remains "woolly" and raised concerns about their proposals, performance and risk analysis. He asked the minister about his goals for the reform. In response, HM Treasury deputy director, financial services strate...

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

Advisers look to capital accumulation in Q2 2025

Advisers look to capital accumulation in Q2 2025

Interest in inflation protection nudges up

Jen Frost
clock 18 July 2025 • 3 min read
For companies – and their investors – management matters

For companies – and their investors – management matters

'Management, whatever the setting, really is a difference-maker'

Gabriel Sacks
clock 17 July 2025 • 4 min read
'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

Retail platforms await further rule change details

Eve Maddock-Jones
clock 16 July 2025 • 4 min read