FCA Can Stop Property Fund Crunch, says AJ Bell Founder

Andy Bell calls on regulator to plan co-ordinated response to looming crisis in the property fund sector after M&G gated its property fund

James Gard 5 December, 2019 | 11:28AM

Andy Bell

The FCA can stop the current property fund malaise turning into a full-blown crisis, says AJ Bell founder and chief executive Andy Bell.

Speaking after the investment platform unveiled its first set of annual results as a public company, Bell told Morningstar that the regulator had a key role to play in co-ordinating a response to stop a domino effect after M&G suspended its £2.5 billion property fund on Wednesday.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AJ Bell PLC439.50 GBX1.74

About Author

James Gard  is content editor for Morningstar.co.uk

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