The announcement that the UK has exempted investment trusts from complying with certain cost disclosure requirements has been welcomed by investment manager, TIME Investments.

In a statement, the Government and Financial Conduct Authority (FCA) said that regulators would temporarily withdraw the requirements, which campaigners have argued force trusts to ‘double count’ their fees.

Co-fund manager of the TIME:Property Long Income & Growth Fund, Andrew Gill, said that investment trusts have been “battling an uneven playing field” against other equities for the past three years.

“Fee disclosure legislation meant many investors had arbitrarily sold positions irrespective of whether they liked the companies or not,” Gill added.

TIME, part of the Alpha Real Capital Group, is the group’s authorised wealth management investment solutions arm.

It works with a range of UK, European and international investors including pension funds and other large institutional investors, as well as private investors, family offices and wealth managers.

Gill added that the UK Government and FCA had now “recognised the impact” of fee disclosure legislation.

“[They] have now exempted investment trusts from such misleading cost disclosures with a view to making this permanent,” he continued.

“This looks like another incremental positive move for the share prices of many infrastructure and property investment trusts as the macro environment for real assets continues to improve.”

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