Author: Emily Harmsworth

UK FCA broadens retail and pension scheme access to the LTAF

As expected, the FCA has recategorised authorised long-term asset funds (LTAFs) under its financial promotion rules so they can now be marketed to a wider range of retail investors in the UK, as well as broadening pension scheme access to self-select investors and SIPPs. Although take-up of the LTAF has been slow since the creation of the regime in November 2021, there has been a handful of high profile launches in 2023. This latest development, alongside other government initiatives, is expected to increase interest in the vehicle.