Regulators have driven pension funds away from UK investment trusts – FCA needs to act urgently to stop this damage
UK economic growth under threat as investment trust crisis damages investments in UK infrastructure, renewable energy and real estate projects. Chancellor’s Mansion House reforms want pension funds to invest more to boost key sectors, but new regulatory cost disclosure rules have driven investors out of UK investment companies. Since 2022, waves of selling have caused funding to dry up, as official guidance – derived from EU disclosure standards – which EU firms do not even use – has artificially…