MiFID II: An EU curveball for LGPS pooling and infrastructure drive
EU rules downgrading local authority funds to retail investors is throwing up complications for pooling and infrastructure investment. The FCA must ensure pools are part of the solution, writes Stephanie Baxter
An unintended consequence of EU legislation could put a major spanner in the works for the pooling of the Local Government Pension Scheme (LGPS). Under the Financial Conduct Authority's (FCA) draft rules...
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