Ros Altmann News

19.07 / 16:27

COST Progressive Election Bill bowling Investment trust cost disclosure bill back on parliamentary agenda

At the start of each session of parliament, a ballot is held to allocate the order in which the first 25 private members' bills will be introduced in the Lords. Bowles' bill placed 14th on the list, and is set to be introduced to parliament on 5 September. 'My bill is lost': Ros Altmann confirms progress on trust cost disclosure reforms undone by general election Fellow House of Lords member Ros Altmann put forward her own bill on the issue earlier this year, and gained cross-party support for her movement, including from Bowles. Her bill was successfully passing through all thr...

10.06 / 08:17

COST Progressive Election Bill Friday Briefing: How Rishi Sunak dealt a blow to investment trusts

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...

07.06 / 07:25

COST UPS Progressive Election Bill 'My bill is lost': Ros Altmann confirms progress on trust cost disclosure reforms undone by general election

Altmann, a member of the House of Lords, initially introduced her bill in November 2023. After successfully passing through all three readings in the upper chamber, the bill was scheduled to be sent to the House of Commons for debate. However, Altmann confirmed to Investment Week the bill had not been transferred over before Sunak called a general election, meaning it was not up for inclusion in the 'washup'. All public bills that have not completed their parliamentary stages are effectively dropped and have to start again from the beginning, a parliamentary spokesperson explained. ...

11.03 / 15:29

COST Booking Platform bowling Industry backs House of Lords call to reform 'misleading' investment trust cost disclosure

In a letter to The Times, Sharon Bowles, Ros Altmann, Bryn Davies and John Baron argued that UK investment companies have been facing a «deepening crisis» over the last two years. They said investment trusts have been «shunned» by investors and platforms because of EU regulation, as they remains on the UK statute book, despite not applying to any listed investment companies in Europe. FCA sets out temporary measures to address investment trust cost disclosure concerns «Under UK interpretation, investors are told that management charges are an additional cost, which is misleading,» ...

01.03 / 08:33

CEO wellness Fund managers renew calls for British ISA ahead of Spring Budget

In a joint letter to The Times, the signatories said the introduction of a British ISA in the Budget, replacing the existing ISA, would be «a simple, powerful and easily implemented solution to kickstart the revitalisation of the UK equity market». The letter's signatories included Liontrust Asset Management's CEO John Ions, Gresham House managing director Ken Wotton, head of Downing Fund Managers Judith MacKenzie, Octopus Investments fund manager Richard Power and Peel Hunt CEO Steven Fine, as well as the House of Lords' Ros Altmann. Premier Miton calls for increased ISA allowance to...

22.11 / 15:31

UK financial conduct authority Investment trusts Chancellor Jeremy Hunt Autumn Statement 23 Autumn Statement 23: FCA mulls 'interim solutions' to address investment trust cost disclosure concerns

The FCA is considering “interim solutions” to mitigate the impacts on the investment company sector in the short term, as the government “acts to implement a long-term legislative solution to the issue”.

22.11 / 14:54

Citi Target Pool LSE blues 2020 volunteers Analysis-Britain’s growth bet on pension pots a long haul task

By Huw Jones and Carolyn Cohn

17.11 / 13:33

UK Investment trusts AIC Investment Trust House of Lords AIC sets out proposals to address investment trust cost disclosure concerns

Richard Stone (pictured), chief executive of the Association of Investment Companies

14.11 / 15:33

regulation UK Treasury Investment Trust House of Lords questions FCA's ability to 'protect market stability'

Current EU cost disclosure rules, known as PRIIPS, have caused investment trust charges to appear artificially expensive, deterring investment in various areas, particularly battery storage, wind and solar farms.

06.11 / 23:35

Extreme Puzzle pension Baroness Ros Altmann: How pension funds can help solve the climate puzzle

Baroness Ros Altmann is a political campaigner. She was minister of state for pensions from May 2015 to July 2016

12.10 / 16:01

The Bank of England is ‘oblivious to its own role’ in market meltdown says ex-pensions minister Ros Altmann

Former Conservative pensions minister Baroness Ros Altmann says it is “highly likely” the Bank of England will need to continue with its emergency bond-buying programme beyond the 14 October deadline, claiming it is “oblivious to its own role” in the market meltdown that has caused a crisis among UK pension funds.

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