U.K. regulators propose to expand access to illiquid investments

U.K. financial regulators issued recommendations Monday aimed at making it easier for defined contribution plan participants to invest in less-liquid assets. The productive finance working group's report, A Roadmap for Increasing Productive Finance Investment, made four recommendations with specific actions for both the industry and government. The group includes officials with the Bank of England, the Financial Conduct Authority and the Treasury. The recommendations include encouraging plan trustees to consider less-liquid assets; increasing scale by continuing to consolidate smaller plans; building...