The FCA consultation was triggered by the suspension of major direct property funds from Aviva, M&G and Standard Life in 2016 after they failed to quickly sell property assets to meet redemptions after the UK’s vote to leave the EU, an event which triggered a broad based, mass exodus from UK-based assets.
This was exacerbated by the massive levels of volatility created by the pandemic, which saw £5bn worth of UK property funds suspended at one point over valuation mismatches.
Investment Week revealed today (26 June) that TIME Investments was recently forced to suspend its Social Impac…