LTAFs? “Do not be short oh investment trusts” says a shrewdy (or two)!

Here’s the voice of a senior peer from the House of Lords.

Here’s the voice of our stock market

 

Here’s one voice from the counties

 

Here’s the voice of the Research and Content Director at The Association of Investment Companies (AIC)

For me, the LTAF is a way to make a killing if you work for Hargreaves Lansdown, Schroders of one of the many insurance companies filling their trousers with LTAFs as they spend our workplace pension money in ways that circumvent the charge cap but pay the dividends of your owners.

The trade associations of the fund managers and insurers are happy to use the press to sing the virtues of LTAFs while investment companies/trusts continue to sit unloved , a direct purchase from the FTSE 250.

Thankfully, Ros Altmann and Sharon Bowles sing from the upper house of Lord the benefit to retail investors of holdings in UK companies unquoted themselves but having access to investment were pensions still up to it. That most trust run pensions are not investing in growth  while commercial pensions are invested in LTAFs, tells me that Altmann and Bowles are right and so are those IFAs and local fund management who used to be local stockbrokers. Well said Neil Winward, I hope to learn from you as I do from the upper house!