FCA's Targeted Support Proposals
The UK has a significant support gap, with around 25 million people never having received regulated financial advice or guidance, despite the importance of pensions and retail investments for long-term financial resilience.
Against a backdrop of shifting retirement expectations and the government's drive to increase retail investor participation, the need for consumers to make informed financial decisions is greater than ever.
The Financial Conduct Authority's targeted support proposals have been a vital and welcome first step.
Pimfa strongly supports the ambition to give consumers better tools to navigate their retirement decisions, although there is some scepticism about the usefulness of these proposals in turning savers into investors.
Author's summary: FCA's proposals are a first step to bridge the support gap.
More News
- Ally vs. SoFi® [2025]: More Account Options or Higher APYs
- Dundalk IT expands midwifery programme with new clinical partnership
- Project connects Americans to the Dutch people who honor their relatives at World War II cemetery | The Associated Press
- Takeaways: Ottawa Senators take it on the chin in 8-4 loss to Buffalo Sabres
- Trump, Salvation and Heaven - CultureWatch
- 'Death has so many gifts to give': Before Boston show, Neko Case talks about life, love, and loss
- Sonic Rumble unleashes new gameplay trailer and reveals winter launch date
- Province to change licence plate theme
- Women In Music Roll Of Honour 2025: Portia Clarke-Millanaise, BET/Aisle Forty Four
- Patrick Schwarzenegger was 'so excited' to watch wife Abby Champion in the Victoria's Secret fashion show