FCA looking 'much more closely' at how firms manage private markets transition risks - Nike Trost

She said the attention on pension investors as defined contribution schemes diversify into private assets, but also the debate around ‘retailisation', raises questions for the regulator. "Certainly, it will make us look much more closely at how firms manage that transition of their business, because there are different risks," she said. "If you are a mainstream asset manager and you are moving into that different asset class, there are different controls to have in place. "While if you are targeting a new audience of potential clients, you need to understand their different needs a...