According to the trade body, private capital already contributes approximately £200bn each year to the UK economy, with momentum snowballing, a theme on which the government must capitalise.
The IA has released a swathe of recommendations to ensure the UK makes the most of the boom in private markets, such as including Long-Term Asset funds (LTAFs) in stocks and shares ISAs “to broaden access to long-term investment opportunities”.
European demand for private markets on the rise
LTAFs provide an open-ended, evergreen solution to invest in private assets for those willing to save …
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