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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

You are viewing the version of the document as on 2016-10-03.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

CONRED 2 Annex 14 Investment benchmarks

CONRED 2 Annex 14 1.1R
  1. The following investment benchmarks apply:

    Comparator 1:

    this comparator is a return equal to the Bank of England official Bank Rate (the 'base rate').

    Comparator 2:

    this comparator is a return equal to a 50/50 combination of the APCIMS Conservative Index and the IMA Mixed Investment 20-60% Shares sector. This comparator has a listed equity exposure of 20-60% (IMA) and 32.5% (APCIMS).

    Comparator 3:

    this comparator is a return equal to a 50/50 combination of the APCIMS Balanced Index and the IMA Mixed Investment 40-85% Shares sector. This comparator has a listed equity exposure of 40-85% (IMA) and 67.5% (APCIMS).

CONRED 2 Annex 14 1.2G

Further details of the sectors and indices referred to in the rule above can be found at the websites of the relevant organisations:

http://www.apcims.co.uk/private-investor-indices/about-the-indices/

http://www.investmentfunds.org.uk/fund-sectors/sector-definitions/