Investment Trusts Under Threat
Ros wrote a blog highlighting lack of consumer protections for retail investors in investment trusts and highlighting the ease of exploiting the loopholes.
Investment trust savers are being taken for a ride by a dubious US hedge fund, says ROS ALTMANN
Ros wrote a Comment article, published in the Daily Mail and ThisISMoney explaining that retail investors seemed to be being taken for a ride by a short-term raider opportunistically trying to hijack long-standing investment trusts. ( link to pdf )
FCA urged to intervene over Saba Capital’s UK trust takeover attempt
Ros in Financial News calling for tighter protections and if necessary regulatory intervention to protect retail investors and give them a fair chance to vote on hostile bids.
DIY investor platforms accused of bending law
Ros is quoted in ThisIsMoney lamenting the fact that retail investment platforms are not giving their customers proper information and are denying them access to some investment trusts. ( link to pdf )
Investment Week reveals winners of Investment Company of the Year Awards 2024
The campaign to end misleading charge disclosures for Investment Trusts was the winner of the ‘Campaign of the Year’ Award for 2024 from the Association of Investment Companies and Investment Week highlighted the award, which Ros was proud to have played a small part in.
Ros Altmann: Platforms misleading clients with wrong investment trust information
Ros wrote a column for Money Marketing, calling in the retail investment platforms to stop misleading customers about charges and obey FCA and Treasury guidance. ( link to pdf )
Investment trust sector rejoices ‘seismic’ changes to cost disclosure rules ending ‘years of pain’
Ros is quoted in Investment Week, and also Professional Adviser, as the FCA and Treasury announce they want to end the misleading of consumers about how investment company charges are paid. One year after Ros’ Private Member’s Bill was launched in the Lords, it seems there has been recognition of the damage the flawed charge regime has inflicted on UK companies, markets and sustainable growth.
‘Big Bang’ joy for trusts as Labour axes unfair cost disclosure rules
Ros is quoted by Citywire, as the FCA and Treasury have finally agreed that the current system for charge disclosures by UK listed closed-ended investment companies is damaging to consumers and markets, as it misleads investors about the true nature of management expenses for the company’s portfolio.
House of Lords to hear trusts cost disclosure bill
Ros is quoted in FTAdviser’s report of the First Reading of Baroness Bowles PMB to reform costs disclosure and labelling of UK closed-ended listed investment companies. ( link to pdf )
Trust cost disclosure bill receives first reading in House of Lords
Ros is quoted in Portfolio Adviser, as Baroness Bowles has a first reading for her Private Member’s Bill which follows on from Ros’ Bill in the last Parliament, aiming to ensure consumers are not misled about costs of investing in closed-ended UK listed investment companies. ( link to pdf )