Schroders is weighing the risks and opportunities of opening a long term asset fund for retail investors as the firm sets eyes on a new launch for intermediaries in 2024, but other asset managers remain on the fence.
On Thursday (29 June), the Financial Conduct Authority released a policy statement categorising the LTAF as a Restricted Mass Market Investment, which adds an additional layer of protections in the distribution process for LTAF products sold to retail investors. "Hopefully the various layers of protection should reinforce investor confidence in the new vehicle, which in turn should make it a more viable product for managers to use to deliver their alternative strategies to a broader audience," said Lora Froud lead partner at law firm Macfarlanes. FCA unveils final rules to extend LTAF...
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