FCA takes forward DC long-term asset fund products

New open-ended funds designed for infrastructure and private assets

James Phillips
clock • 3 min read
FCA chief executive Nikhil Rathi
Image:

FCA chief executive Nikhil Rathi

The Financial Conduct Authority (FCA) will take forward proposals for a long-term asset fund (LTAF) to support pension schemes to invest in illiquid assets.

The watchdog today (25 October) said it would create a new type of open-ended, authorised investment fund, specifically aimed at defined contribution (DC) schemes, to better enable investments in infrastructure...

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