The Pensions Regulator (TPR) is to introduce new rules from 1 October which will compel defined contribution (DC) pension schemes to declare their policy on investing in illiquid investments.

The FCA says it may change its rules on authorised funds holding illiquid assets to protect retail investors.

The FCA has published new rules to tighten up the use of illiquid funds in some open-ended funds.

The Financial Conduct Authority is to consult on new rules to reduce the potential harm to investors holding funds invested in illiquid assets - such as property - “under stressed market conditions.”