22 Mar 2024

On 21st March we hosted an engaging webinar with a live audience of over 150 attendees.

The webinar discussed the UK Government’s response to its consultation on the Reserved Investor Fund (RIF) released on 6th March 2024 and legislation for the RIF in the Spring 2024 Finance Bill

Led by moderator Julie Patterson, our panel of experts, Melville Rodrigues of Apex Group and Tim Jones of PwC, discussed the opportunities that the  RIF will present.

Melville referred to:

  • The RIF’s DNA focused on efficiencies: speed to market, low cost to establish, flexible in terms of investor exits, units transferable without stamp duty and stamp duty land tax seeding relief.
  • RIFs operating as a conduit that facilitate institutional capital into private assets.

Tim considered from a tax perspective:

  • The expected benefits and other implications when launching, or converting to, RIFs.
  • How the RIF would fill a gap in the current UK fund range as an onshore lower-cost alternative to existing fund structures.

The session also featured an interactive Q&A segment, which included Paul Richards of AREF endorsing the government’s confidence that the RIF will be a fund vehicle which serves as a valuable addition to the UK’s fund range.

The full webinar is available for viewing in the recording or through the podcast linked below.

Many thanks to our speakers:

  • Moderated by: Julie Patterson, Independent Non-Executive Director
  • Melville Rodrigues, Head – Real Estate Advisory, Apex Group
  • Tim Jones, Director, Deals Tax - Real Estate, PwC
  • Paul Richards, CEO, AREF




Information on the RIF:

To view more information on the RIF and AREF's work in this area, please click here.


For any enquiries on the RIF, please email us at info@aref.org.uk and we will pass this onto our Public Policy Committee.


Clare Whyte

Clare Whyte

Head of Marketing & Events, AREF

Clare is responsible for all aspects of the planning, development and execution of the marketing strategy for AREF. 

Clare leads on event management, liaising with committees and members to schedule, plan and deliver an effective events calendar for the association.  She also has overall responsibility for brand, as well as the design, development and production of marketing across both digital and offline channels, including the website.