Financial agency criticized by “20 million yen after retirement” Reopening discussion on retirement assets October 23, 16:42
The FSA, which was criticized for a report that it needed about 20 million yen after retirement, resumed the discussion on asset formation by the working group from the 23rd. We will not make a new estimate of how much money will be needed after retirement, but will exchange opinions on how financial institutions should work to encourage asset formation.
In June, the Financial Council of the Financial Services Agency criticized the estimate that a working group would compile a report and require about 20 million yen in funding to prepare for retirement.
The FSA decided not to report the report to the minister as a formal document, but decided to compile a new report, and the working group resumed discussions.
Last time, we discussed the main issues of how individuals form assets in preparation for retirement, but this time we will focus on how banks and securities companies will promote asset formation.
For this reason, it is expected that there will be no new estimation of how much money will be needed after retirement.
At the meeting on the 23rd, there was an opinion that a system to understand whether the banks and securities firms are operating properly so that customers can build assets with peace of mind was given.
The Financial Services Agency wants to compile a new report after next spring.