IA comments on broadening access to LTAFs

Commenting on the FCA's announcement on widening retail and pensions access to LTAFs, Chris Cummings, chief executive at the Investment Association,said:

"We welcome today's announcement from the FCA that retail investors and pension schemes will now have easier access to Long Term Asset Funds (LTAFs). This is an important step forward in broadening access to less liquid assets which can provide a valuable source of long-term returns for investors, enabling them to diversify their portfolios and achieve their financial goals. These investments in turn provide a valuable source of capital for the UK economy, funding infrastructure projects and powering long-term economic growth."