Has regulatory action in FX increased costs for schemes?

PP finds steps to reduce manipulation in the FX markets have led to higher costs and volatility

Stephanie Baxter
clock

Regulators have taken action to make it harder to manipulate the FX markets by widening the notorious 4pm fix. Yet Stephanie Baxter finds it has increased costs for schemes.

At a glance The window used to set daily prices for FX trades has been extended from one minute to five This was intended to make the benchmark more difficult to manipulate But ana...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Four 'lucrative areas' for Budget pension reform

Four 'lucrative areas' for Budget pension reform

Treasury could move on tax-free lump sum, tax relief, salary sacrifice or annual allowance in hunt for Budget savings

Jonathan Stapleton
clock 20 August 2025 • 8 min read
PPI – The urgent need for action on adequacy

PPI – The urgent need for action on adequacy

Priya Khambhaita says current minimum contribution rates mean many retirees will not have the DC assets they need.

Dr Priya Khambhaita
clock 19 August 2025 • 3 min read
Thousands of pension scam victims receive more than £80m in compensation

Thousands of pension scam victims receive more than £80m in compensation

Compensation awarded to more than 2,000 members of 58 schemes targeted by fraudsters

Martin Richmond
clock 19 August 2025 • 3 min read
Trustpilot