Alongside the Spring Budget today (6 March), the Treasury published its consultation on the design of the RIF.
The new fund vehicle will be a tax transparent unauthorised vehicle, which is designed to “complement and enhance” the UK’s existing funds regime.
The Treasury said this came in response to industry demand for a UK-based unauthorised contractual scheme with lower costs and more flexibility than the existing authorised contractual scheme.
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The fund will be available to professional and institutional invest…