Pensions sector still least satisfied with FCA despite efforts to improve

Overall, industry is more happy with FCA

Hannah Godfrey
clock • 2 min read

The long term savings and pensions sector is still least satisfied with the Financial Conduct Authority (FCA), despite the regulator's efforts to improve its work in the area in the past year.

According to the latest joint FCA and practitioner panel survey the long term savings and pensions sector reported lower levels of satisfaction with the regulator's effectiveness than other sectors. The results showed more than a third (38%) of pension firms wanted the FCA to be doing more to prevent wrong doing, just less than a fifth (18%) said the focus of regulation was on the wrong kinds of activities, and 17% said the FCA was ineffective in dealing with larger firms. While the results showed an improvement from 2016, where pension and long-term saving firms gave even worse feedb...

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