Winterflood featured in Treasury XL article – ‘£3.7 trillion unleashed! Exploring UK bond market reforms and their European ripple effect’. The article discusses the recent FCA proposals to facilitate the re-introduction of retail investors back into the UK’s bond markets.

Michael Smith, said: “This is not about making retail-only bonds. This is about re-introducing retail back into the mainstream bond markets alongside wholesale investors. Retail just want access to the same investment grade bonds that wholesale investors have access to – and there is no reason why they can’t co-exist.”

He also added the benefits of extending access to retail via wealth manager, advisors and execution-only investment platforms, “Lead Managers are always looking for the genuine additive demand to show their issuing clients. It’s been there all the time staring us in the face.  Just look at the recent Gilt issues that we have made available on the Hargreaves Lansdown, Interactive Investor and AJ Bell platforms – they received five times more demand than expected.”

If you would like to discuss the article or topic in more detail, please contact: Michael Smith, CFA, Debt Capital Markets at Winterflood Securities