FCA's Targeted Support Proposals
There is a significant support gap in the UK, with around 25 million people having never received regulated financial advice or guidance.
This gap is particularly concerning given the importance of pensions and retail investments to long-term financial resilience, especially with shifting retirement expectations and the government's efforts to increase retail investor participation.
The need to help consumers make better informed financial decisions is greater than ever.
The Financial Conduct Authority's (FCA) targeted support proposals are a welcome first step in addressing this issue, and Pimfa strongly supports the ambition to provide consumers with better tools to navigate their retirement decisions.
However, it is acknowledged that targeted support will only be able to take some consumers so far in closing the support gap.
Author's summary: FCA's support proposals are a worthwhile step.
More News
- BIG: Developer Successfully Ports NothingOS 4.0 to the Phone 1
- It's official - Pennsylvania, New Jersey and Delaware among states that must switch to daylight saving time - these are the ones that must not
- Knox County grand jury indictments: Manslaughter, arson, aggravated assault
- Chiefs Chapel is changing what Sunday means for fans at Arrowhead
- Laois cue star triumphs at IEPF World 8-Ball Masters Over-50 Championship
- Quad’s Platina is its “finest-ever integrated amplifier” | Darko.Audio
- The Origins of John Singleton's Snowfall Empire
- First Alert Forecast: Dry, warm Saturday ahead of rainy Sunday morning
- Report: Ireland Stalwart Considering Shock Move To Breakway League | Balls.ie
- Glitz, glamour and Gatsby? Not quite. Here’s why the Art Deco movement is darker than you think