Andrew Bailey warns of macro impact from pensions trouble
“Big issues at stake” require more research
The head of the UK's Financial Conduct Authority (FCA), Andrew Bailey, has warned the country could be sailing into trouble, as pension reforms and rock-bottom interest rates reshape how people approach lifetime savings.
"There is in my view an important macroeconomic dimension to the pensions issue which is growing in its significance," Bailey told a conference on September 16.
The former Bank of England deputy shaped his remarks around the "lifecycle" model of savings, a widely used element of
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