The British government is currently consulting industry professionals regarding the formation of a reserved investor fund. The proposed RIF is a closed-ended investment vehicle designed for investors not focused in retail, and could be enticing to real estate fund managers in the UK.
UK investors of every type often seek sound council before selecting assets for their portfolios. Wealth managers offer financial and investment advice in Chester, Manchester and other financial centres, helping their clients form robust and diverse portfolios that include stocks, bonds, property and other asset classes to effectively balance risk and return.
The UK government consultation aims to answer calls from those in the British real estate sector to close the existing gap within the country’s present funds range and to provide a fresh alternative option to the structures offshore, which are typically employed by managers of real estate funds in the UK.
As an element of its plans to renovate the funds regime for the UK, February 2022 saw the government state it would be exploring options to introduce what it referred to as:
“Internationally attractive onshore professional investor regime of unauthorised fund structures”.
The UK government is now looking for ideas regarding if it should instate the RIF, as well as a response to several questions that relate to eligibility, notification criteria, tax and branding.
The fund would be geared towards professionals, including institutional and retail investors with a high net worth, and could potentially see the formation of brand-new investment vehicles as early as 2024.
The consultation will close on Friday, June 9 this year.