The Financial Conduct Authority (FCA) will encourage more retail investors to increase their risk tolerance with their savings in order to tackle the issue of an ageing population with limited savings to live on, according to FCA chair Ashley Alder.
In an interview with the FT, Alder said the plan comes as part of a fresh five-year strategy that the regulator will bring to market this week, with the aim to both help consumers make higher gains on their savings and increase faith in financial markets by clamping down on fraud. Alder stressed the importance of a focus on a "rebalancing of risk", with the FCA wanting to make progress on "the risk of not deciding to, for example, participate in or access financial products or services that can lead to greater long-term returns". His comments come amid rumours that the government is ...
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