Friday Briefing: How Rishi Sunak dealt a blow to investment trusts

Friday Briefing

There has been plenty of speculation around why Prime Minister Rishi Sunak called the general election when he did.

Whatever the reason, the timing did not just frustrate his own party members, who have been forced to cancel their summer annual leave, but also House of Lords member Ros Altmann and the investment trust sector. In November last year, Altmann submitted a private members bill urging the government to remove investment companies from the Alternative Investment Fund Managers Directive (AIFMD) regulation. 'My bill is lost': Ros Altmann confirms progress on trust cost disclosure reforms undone by general election The bill also called for the removal of the current EU cost disclosure rul...