Pensions sector still least satisfied with FCA despite efforts to improve

Overall, industry is more happy with FCA

Hannah Godfrey
clock • 2 min read

The long term savings and pensions sector is still least satisfied with the Financial Conduct Authority (FCA), despite the regulator's efforts to improve its work in the area in the past year.

According to the latest joint FCA and practitioner panel survey the long term savings and pensions sector reported lower levels of satisfaction with the regulator's effectiveness than other sectors. The results showed more than a third (38%) of pension firms wanted the FCA to be doing more to prevent wrong doing, just less than a fifth (18%) said the focus of regulation was on the wrong kinds of activities, and 17% said the FCA was ineffective in dealing with larger firms. While the results showed an improvement from 2016, where pension and long-term saving firms gave even worse feedb...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA chair: Name and shame plans 'valid' despite 'stern reaction'

FCA chair: Name and shame plans 'valid' despite 'stern reaction'

Ashley Alder was speaking at a Treasury Committee hearing

Cristian Angeloni
clock 09 May 2024 • 4 min read
Ban and £120,300 fine for former firm CEO who 'put investors at risk'

Ban and £120,300 fine for former firm CEO who 'put investors at risk'

James Lewis was chief executive at London-based Shard Capital Partners

Hope Coumbe
clock 07 May 2024 • 1 min read
Progress over perfection: Targeted support has huge upsides

Progress over perfection: Targeted support has huge upsides

Targeted support is not perfect but 'may be good enough'

Chris McCullam
clock 07 May 2024 • 4 min read