Competition and savings: the regulator’s perspective

Director of strategy and competition at the FCA, Christopher Woolard, outlined some of the challenges in the long-term savings market and what role the FCA can play in addressing them, in a speech to the Tax Incentivised Savings Association (TISA) annual conference:

• The FCA appreciates the efforts of firms in implementing the new initiatives that have been brought about by dramatic changes made to the long-term savings landscape over the past couple of years;
• It is the FCA's job to ensure that the asset management market is efficient and effective, given the very clear social responsibility asset managers hold;
• The FCA asks the industry, consumers, government and other regulators to engage in the asset management consultation and other consultations in this space to improve markets for millions of everyday consumers.

The full speech can be viewed here: bit.ly/2lmzQHY