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British regulators join forces to improve pension outcomes

Reuters
The logo of the new Financial Conduct Authority (FCA) is seen at the agency's headquarters in the Canary Wharf business district of London April 1, 2013. REUTERS/Chris Helgren (Reuters)

LONDON (Reuters) - Britain's markets and pensions regulators on Thursday launched a joint strategy aimed at improving pensions outcomes for savers, amid concern that many people are entering retirement without enough income.

The Financial Conduct Authority and The Pensions Regulator said they would conduct a strategic review of the entire pensions process and then use their powers to drive value for money, including the setting and enforcement of standards.

(Reporting by Simon Jessop, editing by Sinead Cruise)