Blog: FCA Boss Says Consultants to Pension Funds Need to Be Regulated – Bloomberg

The head of the UK’s Financial Conduct Authority called for a new regime to wrap up failing pension funds and said investment consultants should be regulated after turmoil in the industry caused havoc in financial markets. 

Nikhil Rathi told a House of Lords committee on Tuesday that a sweeping rethink was needed following the market chaos caused by the mini-budget on Sept. 23. He added that global bond markets are less liquid than before and assumptions about the ability for firms to sell bonds at scale from 15 years ago may no longer hold.

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