Will “taking an axe to” red tape and onerous reporting commitments free up trillions invested in U.K. pensions and increase the value of assets managed by regulated financial services firms? The U.K. government is keen to increase flexibility and reduce regulatory and other compliance burdens to promote investment and economic growth. But governance experts are pointing to past corporate failures and arguing that any relaxations should be matched with stronger expectations for internal assurance to protect asset owners in unregulated firms.
