What: We have submitted our response to the government’s review of the UK funds regime – part of the government’s ambition to bolster the UK as a destination for the investment management industry.

Our view: We support the government’s bold ambitions. Our main recommendations include: the creation of a new government task force bringing together expertise from tax/regulation/corporate law, to recognise the multifaceted and long term nature of the challenge; a broadening of the REIT rules to better enable REITs to channel investment to support our net zero goals and other government priorities; and the creation of new fund vehicles which are suitable for institutional investors and joint ventures.