Reliance on housing for retirement saving 'self-defeating' - Andrew Bailey

Pensions 'probably top of the list' for societal importance, says FCA chief

Tom Ellis
clock • 2 min read

Pensions and long-term retirement savings are "probably top of the list" of the regulator's responsibilities that are important to society, according to Financial Conduct Authority (FCA) chief executive Andrew Bailey (pictured).

Delivering a speech to the Pensions and Savings Symposium at Gleneagles today, Bailey said: "When I look at the issues on the agenda of the FCA with its objective from Parliament to ensure relevant markets function well, I think pensions and long-term retirement savings are probably top of the list in terms of their importance to our society." He added: "But, of course, only part of what is a very broad issue falls under our responsibility because there are many other aspects of economic and social policy in which the issue falls, and that demands joined-up thinking and approaches." C...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Advisers revisit processes after FCA's retirement income review

Advisers revisit processes after FCA's retirement income review

Thematic Review of Retirement Income Advice released in March

Jenna Brown
clock 16 September 2024 • 2 min read
Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read
FCA lays out 2024/25 fees/levies proposals; £755m planned spend

FCA lays out 2024/25 fees/levies proposals; £755m planned spend

‘We recognise that firms continue to face inflationary pressures’

Hope Coumbe
clock 09 April 2024 • 4 min read