BPF response to FCA consultation on the LTAF (Long Term Asset Fund)

What: As part of the Government’s wider ambitions to bolster the UK as a centre for asset management, the FCA have consulted on a new regime to enable UK-authorised open-ended funds to invest more efficiently in long-term, illiquid assets.

Our view: Given the illiquid nature of real estate investment, we particularly welcome moves to create a new fund to facilitate investment in long-term, illiquid assets and, as such, we support the introduction of the LTAF. This has the potential not only to increase investment but also to help address some of the major challenges that the UK faces – including our net zero carbon targets, the regeneration of our high streets, and the development of more high-quality homes.