Welcome to the AREF newsletter, this gives you a snapshot of the work we have been doing over the last month.

As the coronavirus situation develops the AREF team has adjusted to working from home. If the novelty has worn off then we have a great selection of online events (linked below) to keep you engaged in activity from the industry... and to keep your CPD hours up!

We hope you are all keeping safe and healthy, and we aim to provide support on issues arising during these turbulent times. You can find more on this below.

Many of our news items are for members only so please create a loginThis will also allow you to book on our events. 

An update from Paul Richards, MD of AREF

An update from Paul, on his and AREF’s focus over the last month and our likely focus in the coming months.

Read more...

WEBINAR - AREF Crisis Forums: #3

The Crisis Forums give an opportunity for all our members to discuss the most pressing issues for their firms, share their experiences and help each other get through this crisis.

For more info & to book...

New fund vehicle proposed

AREF has been working with the IA on a contractual form of Onshore Professional Fund, called the Professional Investor Fund.

Read more...

Coming soon ... AREF Pub-chat Podcast Series

Look out for this new series of podcasts featuring informal discussions around highly topical issues specifically related to the effects the coronavirus crisis is having on specific areas of our industry. A link will be sent out to members and available through the AREF website soon.

Our online events!

Gain some valuable hours of CPD whilst working from home! View our selection of previously filmed events which cover a range of subjects that remain highly topical, including the very popular Social Impact Investing event

View online events

View the MSCI/AREF Quarterly Property Fund Index for Q1 2020

Please note that a caveat has been added to the index due to valuers adding a material uncertainty clause to their valuations.

Read more...

News

29 Apr 2020
Looking for new members for the Education & Training Committee
News Article
29 Apr 2020
AREF's Online Information Hub and Discussion Forum

The Coronavirus Centre is a one-stop-shop for members including the Info Hub, discussion forum, all related articles and events.

News Article
29 Apr 2020
HMT/ HMRC announce 3 month extension to deadlines for a series of tax policy consultations

Click for more information on which consultations have been extended.

News Article
28 Apr 2020
Proposed Amendment to IFRS 16 – Leases regarding COVID-19

The amendment to IFRS 16 Leases intends to make it easier for lessees to account for Covid-19-related rent concessions, such as rent holidays and temporary rent reductions....

News Article
24 Apr 2020
FCA Statement on annual valuation of immovables held in funds

The FCA have published a statement to clarify their expectations of complying with COLL rules under current circumstances.

News Article
24 Apr 2020
The European Supervisory Authorities have published an ESG Disclosure consultation paper

The AREF ESG & Impact Investing Committee & AREF Public Affairs Committee will be working together on AREF’s response to this consultation.  Click for more info.

Active Consultation
23 Apr 2020
Volunteers for the AREF Secondary Markets Working Group

AREF have re-launched the Secondary Markets Working Group, a sub-group of AREF Investors Committee

News Article
21 Apr 2020
Post-event materials - Webinar: Crisis Forums #2 - Rental issues & operations

Listen to the replay of the Crisis Forum #2

Post-event Materials
20 Apr 2020
IOSCO - Sustainable Finance and the Role of Securities Regulators

IOSCO published its report which seeks to help market participants address issues related to sustainability and climate change.

News Article
17 Apr 2020
AREF’s draft response to HMT/UK Statistics Authority’s RPI Reforms Consultation - Request for Members’ comments

Click to read AREF's draft response.

Active Consultation
16 Apr 2020
Post-event materials - Webinar: AREF/ IPF Member Discussion on Tax Consultation

View slide and video of this discussion.

Post-event Materials
08 Apr 2020
Post-event materials - AREF Crisis Forums - #1

Listen to the replay of our first Crisis Forum #1

Post-event Materials
08 Apr 2020
Extension of GRESB Real Estate and Infrastructure Assessment submission deadlines

GRESB have extended the Real Estate and Infrastructure Assessment submission deadlines to 1 August 2020.

News Article
03 Apr 2020
Solvency II

See the latest news on Solvency II.

Consultation Response
02 Apr 2020
Post-event materials - Webinar: Joint AREF/INREV Professional Standards Briefing - liquidity and pricing in current market circumstances

View materials, including a link to the recording of this webinar.

Post-event Materials
02 Apr 2020
Implementation of the time-weighted return methodology for the MSCI/AREF UK Quarterly Property Fund Index

MSCI have announced they will implement the time-weighted return methodology for a number of MSCI Property Fund Indexes. Click to read more.

News Article

 

Upcoming Events

05 May 2020 london
AREF Crisis Forums: Webinar #3
Webinar
02 Jun 2020 London
Joint AREF/IPF Seminar: Social Impact Investing - UK Real Estate Sector (part 3)
Seminar

 

 

Committee Updates

28 Jan 2020
Corporate Governance Committee - Update

The committee is working on: Incorporating Guiding Principles into the AREF Code of Practice for 2020. Click for more info.

Committee Update
29 Apr 2020
Education & Training Committee - Update

The committee is working on: Delivering an events programme for 2020. Delivering their business plan for 1, 3 & 5 years. Click for more info.

Committee Update
29 Apr 2020
ESG & Impact Investing Committee - Update

The committee is working on ESG metrics reporting. Updates to AREF's Code. Social Impact Investing events. TCFD reporting requirements. Click for more info.

Committee Update
20 Mar 2020
FutureGen Committee - Update

The committee is working on a survey of the FutureGen Network to assess how they are responding with the current crisis. The 'back to basics' educational series has been po...

Committee Update
29 Apr 2020
Investor Committee - Update

Currently looking at: LGPS Pooling; ESG metrics; BREXIT; and secondary market trading. Also assisting AREF on a paper for investors. Click for more info.

Committee Update
29 Apr 2020
Public Affairs Committee - Update

The Committee is looking at fund liquidity management, Brexit, and the Professional Investor Fund. Click for more info.

Committee Update
30 Apr 2020
Research & Information - Update

The Committee is assessing MSCI’s proposal to change the methodology for index calculations. Also it is commissioning a research project for 2020. Click for more info.

Committee Update
28 Jan 2020
Retail Funds Committee - Update

The Committee is considering the impact of FCA PS19/24, Brexit, rapid sales pricing, retail funds index and availability of PAIFs on platforms. Click for more info.

Committee Update
29 Apr 2020
Tax Committee - Update

The Committee is liaising with HMRC on draft guidance on NRCGT, and requirements the 'Making Tax Digital' initiative, as well as tax measures in the Spring Budget. Click ...

Committee Update

 

The Association of Real Estate Funds (AREF) is the body that represents the interests of its fund managers, those firms that advise and support them and the end-investors. For further information, please visit our website.