UK watchdog to encourage more risk-taking by savers, says FCA chair

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Financial Times 5d ago

UK watchdog to encourage more risk-taking by savers, says FCA chair - Financial Times

Quick Summary:

The FCA has been opening fewer investigations in the past couple of years and closed many in its existing pipeline in an effort to focus its resources on “cases that present the greatest risk of harm”, Alder said.

The UK’s ageing population — the number of people of pensionable age is expected to rise 14 per cent by 2032 — puts the spotlight on the “ability of people to have a decent income in later life”, Alder said.

As part of this push, the government is already considering adjusting the rules on tax-free cash Isa savings accounts to encourage people to shift more money into higher return investments such as shares and bonds.