Melville Rodrigues is Head of Real Estate Advisory at Apex Group. On a regular basis, he shares his views with Practical Law Financial Services subscribers on topical developments or key issues relating to fund management.

In the March 2022 column, he considers HM Treasury's recent policy paper on its review of the UK funds regime and welcomes the government's confirmation that work is underway to explore options to include unauthorised contractual schemes (known as the professional investor fund (PIF)) in the UK's fund offering.