FCA Speech that Gives an Insight into Future Plans Introduction We believe that our firms may be interested in a recent speech given by the FCA. This speech goes some way to revealing the current thinking of the Regulator, as well as providing an insight into the fact that further change is planned in the form of new regulatory initiatives. Financial wellbeing goes beyond one size fits all This speech by Sarah Pritchard, FCA deputy chief executive, at The Investing and Saving Alliance’s (TISA) annual conference covers two big challenges that the FCA sees: 1. Pensions: “We know some consumers are not saving enough or are accessing their savings too quickly. Others don’t have a plan for taking money out of their pot, or don’t realise there’s a choice to make. More than 10 million people say they’re simply too busy or confused to think about it. Pension-related decisions are as critical as they are complex. But recent research shows that over half of UK adults don’t understand enough about pensions to make these decisions. We are working to ensure the system delivers for consumers and the economy. Graeme Stewart Head of Consultancy Paradigm Consulting 14 MORTGAGE NEWSLETTER
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