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Rathi: ‘UK has to compete for investment’

The Financial Conduct Authority boss has said the country has to compete for investment, including from UK pension funds, arguing that this competition is about far more than regulation.Speaking at the Global Investment Management Summit today (March 29), Nikhil Rathi, chief executive of the FCA said there has been a focus recently on the sharp decline in UK pension and insurance funds investment in UK equities.  He said: “Reasons for a fall in defined benefit allocations from over 50 per cent in UK equities in 1992 to less than 2 per...
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