LTAFs elude retail investors as platforms shun Innovative Finance ISA

Following Autumn Statement plans

Cristian Angeloni
clock • 3 min read

Several UK investment platforms have no plans to offer an Innovative Finance ISA (IFISA), meaning retail investors will still not be able access the Financial Conduct Authority's Long-Term Asset Funds (LTAFs).

This follows Chancellor Jeremy Hunt's Autumn Statement, which revealed LTAFs will be made available to retail investors via the IFISA, alongside open-ended property funds with extended notice periods, effective from April 2024. AJ Bell, Hargreaves Lansdown, interactive investor and Evelyn Partners' Bestinvest told Investment Week they currently have "no plans" to offer an IFISA, but they shared mixed views as to whether retail investors should have access to LTAFs. Autumn Statement 23: LTAFs to be included in ISAs amid sweeping regime overhaul Jason Hollands, managing director at E...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

Firms have been told to make changes by 29 February 2024.

FCA raises alarm on platforms' handling of customer cash interest

Cracks down on ‘double dipping’

Sahar Nazir
clock 12 December 2023 • 1 min read
Access to the Robinhood app will be given on a rolling basis for the time being, reaching full availability in early 2024.

Robinhood expands trading offering to the UK

No trading fees at launch

Cristian Angeloni
clock 30 November 2023 • 2 min read
Charlie White-Thomson (pictured) is CEO of Saxo.

Saxo adds funds offering to its platform in UK

More than 6,000 global funds

Cristian Angeloni
clock 27 November 2023 • 1 min read
Trustpilot