Pension Savers Gain Access to Top City Managers

Pension savers in the UK may soon gain access to top-tier City of London money managers, as the Financial Conduct Authority (FCA) considers reforms to lift restrictions on performance fees. This move could open up high-performing investment options, such as venture capital funds, to everyday pension savers. The FCAs plans also include accelerating company listings on the London Stock Exchange, prioritizing small business lending, and developing UK-issued stablecoins. Additionally, new rules will allow companies to provide generic financial advice to groups of customers, potentially guiding them towards investments like shares for better long-term returns.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.