Reliance on housing for retirement saving 'self-defeating' - Andrew Bailey

Pensions 'probably top of the list' for societal importance, says FCA chief

Tom Ellis
clock • 2 min read

Pensions and long-term retirement savings are "probably top of the list" of the regulator's responsibilities that are important to society, according to Financial Conduct Authority (FCA) chief executive Andrew Bailey (pictured).

Delivering a speech to the Pensions and Savings Symposium at Gleneagles today, Bailey said: "When I look at the issues on the agenda of the FCA with its objective from Parliament to ensure relevant markets function well, I think pensions and long-term retirement savings are probably top of the list in terms of their importance to our society." He added: "But, of course, only part of what is a very broad issue falls under our responsibility because there are many other aspects of economic and social policy in which the issue falls, and that demands joined-up thinking and approaches." C...

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