The FCA chair says UK monitoring to encourage more risks by savers

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Britain’s Financial Supervision Authority will encourage retail investors to risk with more risks through their savings to address the challenge of population aging as a major part of a new five -year strategy that will be presented this week.

Ashley Alder, Chair Financial behavior authorityThe Financial Times told the new plan that its new plan is based on helping consumers to achieve higher returns than their savings and increase confidence in the financial markets by installing fraud.

“One of the things we focused on building a lot of strategy is the demographic challenge,” Aldr said in an interview a few days before the launch of the new strategy on Tuesday.

Alder also threw his support behind FCA NIKHIL Rathi CEO, saying, “He is the right person to move forward.” Rati’s period ends for five years in September, and there was speculation about whether he might leave.

FCA, which organizes financial services companies, protects consumers and stimulates competition, has been subjected to pressure from the Sir Kiir Starmer’s government to Reducing the burden of the red tape And encourage more risks.

Alder said that FCA will support the government’s campaign to make the organizers more focused on growth by opening fewer targeted investigations, using artificial intelligence to discover violations and more selective in the data they require from financial companies.

Alder said that the population of the United Kingdom – the number of people with retirement of age is expected to rise 14 percent by 2032 – puts light on “people’s ability to obtain a decent income in subsequent life.”

To address this anxiety, FCA will focus on “re -balance between risks”, which Alder described as “the risk of not making a decision, for example, participating in products or financial services that can lead to long -term returns.”

As part of this batch, the government is already considering controlling the rules on Issa is exempt from taxes Savings accounts to encourage people to convert more money into higher return investments such as stocks and bonds.

FCA also suggested allowing retirement owners to receive “targeted support” from companies to provide general suggestions under a lighter organizational framework. She hopes to fill this gap in a financial advice for people who are not wealthy.

Alder pushed back against fears that his pro -growth approach means less protection for people. “It is not an exchange or either/or to protect the consumer or growth,” he said. “We want to provide retail consumers with much better tools to do this thing that is familiar with the risks.”

Alder said that the new strategy of the regulation will include “the intense focus on financial crime and fraud throughout the sector,” adding that this was a major element in enhancing consumer confidence in the financial markets and in the same organization.

He said: “If you can increase confidence in the system and thus increase the level of participation in products and services, it is clear that you will then finish with a greater level of savings that are converted into investments across the markets.”

Alder said that FCA has opened fewer investigations in the past two years and closed many in its current pipeline in an attempt to focus its resources on “cases that are the greatest risk of harm.” By being more selective, expect to maintain or even increase the number of enforcement procedures.

There is another shift in the FCA strategy that is a willingness to erode global coordination in financial organization, which arises from protectionism and commercial tensions. “It is clear that we have seen a shift from globalization … the word protection is high in the agenda,” he said.

“Inclusion with a smaller group of similar judicial states in thinking,” said Aldr, who was the head of the Hong Kong Market Authority in 2023.