Member

I hope that these statutory instruments will be the start. We do not want them not to go through, but it is clear that, given that the industry is seeking to undermine their intent, stronger wording and a more careful assessment of what is happening in the market might be required to achieve what the Government rightly want to achieve, which is more investment in the British success story, which is listed UK investment trusts. They are a much lower risk and diversified way for investors to invest in a portfolio of sustainable growth or other investments. That requires retail investor platforms not to tell investors that they pay costs that they do not pay but to inform them properly in line with the consumer duty that when they are looking to buy these companies, they need to look at much more important factors, such as whether they are at a discount or a premium and whether the type of investment they are investing in is what they wish.