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Rathi: If investment consultants were more actively regulated, there would be a greater focus on issues such as scheme stress testing and resilience
The Financial Conduct Authority (FCA) has pointed to a “gap in regulation” around investment consultants – noting a more active approach to oversight could improve pension scheme resilience and a better focus on stress testing.
Speaking at a Treasury Select Committee hearing into the work of the FCA on Monday (7 November), the regulator's interim chair Richard Lloyd and chief executive Nikhil Rathi also responded to queri...
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