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.
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
Multiple codes of conduct on charges and costs would be "horrendous" and make it harder to boost transparency says Margaret Snowdon.
Michael Klimes looks at the latest proposal to bring transparency on asset manager costs.
The Investment Association (IA) has introduced a working group to help establish a new code for disclosing asset management fees and costs.
LGPS funds will be reclassified as retail investors, which could lead to a major asset sell-off, increase costs, and restrict what they can invest in, finds Stephanie Baxter