Pensions Management - the magazine for pension & investment industry professionals
Editorial
No more Mr Nice Guy: FSA will rule with a heavy hand

Something happened last week that I didn’t think ever possibly could. Hector Sants, chief executive of the Financial Services Authority (FSA), said sorry. Sorry? Sorry for what, you’re asking. Sorry for the FSA’s role in the economic meltdown and for making a mess of regulating the banking sector.

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Personal accounts will prove to be this government's magnum opus in pensions policy and will lead to unprecedented levels of pension saving.

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