FCA warns of 'regulation gap' for investment consultants

Watchdog says ‘more active regulation’ would increase focus on resilience and stress testing

clock • 3 min read
Rathi: If investment consultants were more actively regulated, there would be a greater focus on issues such as scheme stress testing and resilience
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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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