Retirement savings suffer under burdensome regulation

The accountancy firm said regulation put in place to protect consumers was causing advisers to "play it too safe" with client money. It said many advisers fear being punished by the Financial Services Authority (FSA) for mis-selling riskier products. KPMG European head of investment management Tom Brown explained: "At a time when the economy and government need people to be building retirement pots, many everyday investors are being steered towards lower risk investments or are shunning financial advice altogether. "While lower risk strategies will be appropriate for many clients, par...