UK Insurance: FCA (19 September 2016)

OAC Digest
FCA, Investments

19 September 2016

Selected recent news from the UK's prudential regulator:

Andrew Bailey, Chief Executive at the FCA said that, looking at the issues on the agenda of the FCA, "pensions and long-term retirement savings are probably top of the list in terms of their importance to our society". He also explained in his speech of 16 September why he did not agree with the argument that pension saving would be assisted by people holding more housing in their stock of pension assets, based on the real appreciation in the value of housing. This is in contrast to the reported comments from Bank of England’s chief economist, Andrew Haldane, which were conveyed as "Property is a better bet than pensions".  

David Gray

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David Gray
Consultant Actuary

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