New rules to make long-term investment funds clearer

The FCA has set out clearer expectations for asset managers about long-term investments, such as property. This will help give the market more confidence to invest in funds that support private markets.The new rules mean that investors will have to give 90 days’ notice to access their funds but will be more certain that they will receive their money.For investors, this means the fund should be clearer from the start about how quickly they can get their money back and whether the fund is right for their needs.Currently some of these funds allow people to take money out daily with no notice peri