The Financial Conduct Authority (FCA) is "well behind the curve" on pensions freedom regulation and is operating a watching brief to act after things go wrong, Bruce Moss has said.
eValue’s strategy director said while he had some sympathy for the regulator it was “miles behind” where it should be in terms of preparing for the fundamental pensions changes due to come into effect on 6 April. Speaking at a Henry Stewart retirement conference, Moss said: “In our discussions with the FCA they absolutely get it but they have got so much on their plate. The regulations that they have got are completely inadequate, they know that. “I do not know if they have said this publicly but they have said it to me, they are going to have a watching brief. They are going to wait ...
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