London Capital & Finance scars raise risk concerns over LTAFs among MPs

Review of Edinburgh Reforms a year on

The Treasury Committee has raised a series of concerns regarding the development and promotion of Long-Term Asset Funds (LTAFs).

On Friday (8 November), the TSC published a report on the progress made on Chancellor Jeremy Hunt's Edinburgh Reforms in the last year, examining the 31 "strands" of work which the chancellor outlined as the main focus of the reforms. While the Treasury said the chancellor had completed 21 of the 31 reforms in the first year, analysis by the TSC found six of the actions marked as ‘delivered' by the government had not yet been completed. According to the committee, a further six measures should not be considered as reforms as they relate to actions such as publishing a document or welc...