An important gap in the UK’s fund offering will be plugged by the government proceeding with a legislative framework proposed in its 27 April 2023 consultation on the reserved investor fund (RIF).
A whole spectrum of managers, from SMEs to larger firms, will be able to take advantage of the RIF as will, importantly, their investors – hopefully from the next tax year (April 2024).
In this recent IPE Real Assets article Melville Rodrigues of Apex Group Ltd and member of AREF's Public Policy Committee encourages industry participants to provide positive responses to the consultation – especially managers confirming to the government their interest in proceeding with RIF launches. The final consultation response date is 9 June 2023.
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