MPs are heaping pressure on the Pensions Regulator over its support for risky investment strategies that nearly pushed the industry to the brink last week.
The work and pensions committee has written to the watchdog amid concerns that it approved of, and may have even encouraged, the use of popular hedging contracts that magnified the market turmoil caused by the government’s mini-budget and resulted in a £65bn emergency support package by the Bank of England.
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