Pension businesses least satisfied with FCA, survey finds

The sector's satisfaction with the regulator scored 6.9 out of 10, compared with 7.4 and 7.3 in the wholesale banking and capital markets sectors respectively. That said, overall satisfaction with the FCA increased from 7.1 on average last year to 7.2 this year, the survey found. As well as the comparatively low satisfaction rating, one in 10 long-term savings and pensions firms said their trust in the FCA has decreased. On top of that, half (51%) of firms in the pensions sector felt regulation had reduced the type of business they conducted, and almost as many (47%) felt the level of re...