There could be a case for merging the Financial Conduct Authority (FCA) with The Pensions Regulator (TPR) to simplify how defined contribution (DC) pensions are regulated, according to AJ Bell.
The firm's comments come after it was speculated last month that Liz Truss was eyeing a simplified regulatory set-up in the City and would look to merge the FCA with the Prudential Regulation Authority and the Payments Systems Regulator. Truss was confirmed as the next prime minister and leader of the Conservative Party earlier today (5 September), opening the door for the rumoured plans to get underway. AJ Bell head of policy development Rachel Vahey said: "As Truss gets her feet under the desk at Number 10 we will see whether the threat of a mega financial regulator was mere chest b...
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