FCA declines to say if pension freedoms were a 'mistake'

At the FCA's annual public meeting on Thursday morning (24 September), the regulator side-stepped a question on whether it believed the introduction of pension freedoms was a mistake. FCA interim executive director of strategy and competition Sheldon Mills, who was called upon to answer the question, said such a question was "a policy question that we would direct to government". He said the FCA's focus remained on "ensuring consumers are protected".   Then, FCA chair Charles Randell, who was chairing the meeting, interjected, stating the way in which pension freedoms were introduc...