Big reprieve for LGPS as regulator eases EU rules
The Financial Conduct Authority (FCA) has eased new rules for the Local Government Pension Scheme (LGPS) after concerns they could pose barriers to infrastructure investment and even cause an asset fire-sale.
Under the EU Markets in Financial Instruments Directive II (MiFID II), which is being implemented into UK law, the LGPS funds will lose their automatic status as professional investors and be downgraded...
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