The regulatory landscape for UK funds is beginning to shift. In its Spring 2020 Budget, the UK government stated that it will "undertake a review of the UK's funds regime during 2020. This will cover direct and indirect tax, as well as relevant areas of regulation, with a view to considering the case for policy changes".
Brought together to discuss the merits and functionality of the proposed Professional Investor Fund or "PIF", our panel members have been actively involved in lobbying for the new product, with many in the funds industry welcoming the government's statement. The PIF aims to fill a gap in the UK's fund offering for professional investors in comparison to that offered by international competitors.
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