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 changing retirement expectations and government efforts 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 provide consumers with better tools to navigate their retirement decisions, although there is some scepticism about the effectiveness of these proposals in turning savers into investors.
Targeted support will only be able to take some consumers so far in closing the support gap.
Author's summary: FCA's proposals are a welcome first step.
More News
- Budget battles and bureaucracy plague inland waterways infrastructure
- Mon BOE: Summer Sizzler, Avalanche to continue next year after all - Dominion Post
- Trade unions demand end to attacks on overseas workforce
- Armenians in Jerusalem and the dilemma of Israel's recognition of the Armenian Genocide
- Republican justices appear poised to destroy what’s left of the Voting Rights Act
- Diane Keaton cause of death revealed
- Why Every Jurisdiction Should Have Automated Court Reminders - R Street Institute
- Two decades after beating cancer, Durga Devi’s life becomes a story of hope
- YouTube Down for More Than a Hundred Thousand Users, Downdetector Shows
- Taylor Thomson: The Revenue Leader Who Refuses to Say It's Not in Salesforce, It Doesn't Exist - CEOWORLD magazine