FCA proposes changes for better access to patient capital by retail investors

Discussion paper also launched

The Financial Conduct Authority has proposed changes to address the barriers to entry and facilitate further retail investment in patient capital.

Under the FCA's proposals, retail investors will be able to gain greater access to patient capital through unit-linked funds while maintaining appropriate protection levels. The proposed measures aim to address potential barriers to investment in patient capital by retail investors and will look to allow funds to pick the opportunities that match the needs of consumers more effectively. The consultation paper follows this year's Budget, when Chancellor Philip Hammond revealed plans to increase investment in patient capital.  Update: Woodford calls for Patient Capital tax wrapper to...