EUROPE - The proposed Alternative Investment Fund Managers Directive is in some respects "misguided" and would reduce investment returns and increase risk, the UK's National Association of Pension Funds (NAPF) has claimed.
In a letter released today to European commissioner for internal market and services Charlie McCreevy, the trade body said it welcomed certain aspects of the directive, such as the "EU passport" ne...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date