PENSIONSANDSAVINGS.COM

Hands off our brilliant investment trusts! Saba’s attacks are an existential threat to the sector and Boards must recognise the dangers before it’s too late.  Turning closed-ended funds into open-ended funds destroys their long-term value and will harm UK markets and growth.   Investment trusts comprise about a third of the FTSE 250 are a long-standing UK success story for London and Ediburgh. Closed-ended structures offer specialist portfolios of less liquid or real assets, such as infrastructure, alternative energy, small growth…

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Saba wants to turn investment trusts into hedge funds – that’s not what other investors bought into, but if they don’t vote, they can’t protect their positions. Investment Trusts are not short-term trading funds, they build long-term value for patient investors through economic cycles. If their investors wanted hedge funds, they could have invested elsewhere. These bids aim to profit from UK regulatory failures and inadequate investor protections – can FCA or Treasury step in to protect investors? Flawed charges…

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At last there is relief for uk investment trusts and their investors as fca issues emergency cost disclosure guidance. Treasury ministers have prevailed to ensure the fca issues emergency new rules that will properly inform consumers instead of misleading them. The outlook for investors in sustainable long term investments in infrastructure, alternative energy and real estate is now much brighter.   At  last Ministers have ensured that the FCA acts with urgency to remedy the misleading information that has so…

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HOUSE OF LORDS WILL DEBATE LEGISLATION TO SAVE UK INVESTMENT COMPANIES AS INVESTMENT TRUSTS HIT BY NEW WAVES OF SELLING.   Second Reading of Private Members’ Bill tomorrow has cross-party support and could offer quickest legislative route to revitalize sector and stop further damage. Chancellor wanted urgent change but Regulators have failed to deliver so Parliament is being asked to take back control as quickly as possible.    Summary of Main Points: Tomorrow, 1st March, House of Lords will debate important…

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