The Alternative Investment Fund Designation Bill [HL] is a private member’s bill introduced by Baroness Altmann (Conservative). The bill seeks to exempt listed investment companies from a series of regulatory requirements to disclose certain costs and charges to their clients, on the basis that such costs are already accounted for in those companies’ share price. The Financial Conduct Authority has introduced temporary measures to mitigate this issue and the government has committed to implementing a long-term legislative solution.
Alternative Investment Fund Designation Bill [HL] (306KB PDF)
The Alternative Investment Fund Designation Bill [HL] is a private member’s bill introduced by Baroness Altmann (Conservative). The bill was introduced on 22 November 2023 and its second reading is due to take place on 1 March 2024.
The bill would exempt listed investment companies from a series of regulations, including several related to the aggregation and disclosure of certain ongoing costs and charges. Baroness Altmann, supported by figures from the investment industry, argues that these costs are already reflected in the share price of such companies and that this ‘double counting’ of costs makes them look artificially expensive to investors.
The government and the Financial Conduct Authority (FCA), which regulates the financial services sector, are receptive to industry concerns about this issue. The FCA has introduced temporary measures to mitigate it and the government has committed to pursuing a long-term legislative solution.
Alternative Investment Fund Designation Bill [HL] (306KB PDF)
Concerns have been raised about levels of welfare spending in the UK and increasing numbers of young people not in education, employment or training. This briefing sets out statistics, government policy and commentary on welfare and youth employment. This includes the government’s youth guarantee, its ‘Get Britain working’ policies and the interim report by Alan Milburn on young people and work.
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The Financial Services and Markets Bill [HL] is a government bill that would make reforms to several areas of financial regulation, including reforms to the Financial Ombudsman Service, abolishing the Payment Systems Regulator, introducing a ‘provisional licences’ authorisation scheme, and making reforms to the UK’s bank ring-fencing regime. Its second reading in the House of Lords is scheduled to take place on 8 June 2026.
![Financial Services and Markets Bill [HL]: HL Bill 5 of 2026–27](https://lordslibrary-parliament.studio24.dev/content/uploads/sites/2/2026/06/tadas-petrokas-G7nWQwb6AP4-unsplash-568x320.jpg)