The Financial Conduct Authority still “has to fix the culture” of investing in the UK to encourage savers to invest, according to London Stock Exchange CEO Dame Julia Hoggett.
At the PIMFA Women's Symposium today (20 May), Hoggett acknowledged the FCA has done a "massive amount". This includes the creation of PISCES and bringing an "active debate" about pension and retail investing in the UK. To help shift the culture, Hoggett said one of the things the FCA had to do was "address the damage of the Retail Distribution Review" and start working on the Advice Guidance Boundary Review. "I think the FCA is aware of what it did and what it needs to change," Hoggett said. In March, the FCA opened its consultation into simplified advice, including looking at ...
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