US EditionTargeted support could see 18 million savers offered help in next decade
The FCA aims to close the advice gap and support 18 million UK savers with suitability-checked recommendations, launching new rules and a firm-checker tool by April 2026.
- On Monday, the Financial Conduct Authority proposed `targeted support` rules to increase consumer access to investments and clarify the distinction between retail and professional investors.
- Because only 9% take regulated advice and nearly one in five turn to family, friends or social media, many who need help cannot afford paid financial advice, the FCA said.
- Allowing firms to show `people like them` examples will let pension providers signpost whole-of-market annuity brokers, and firms authorised to provide targeted support will be authorised swiftly next year.
- At least 18 million people could be offered extra help with investments and pensions over the next decade, and the FCA has launched a firm checker tool after around 800,000 reported scam losses.
- New legislation will be required before the changes can go live, and firms must understand when targeted support tips into regulated advice and limits on in-person support in the coming months.
12 Articles
12 Articles
Pension update:: Millions of savers to receive targeted support as experts hail 'significant step'
Pension providers will be able to offer direct recommendations to savers for the first time under a major new regime set out by the Financial Conduct Authority (FCA), in a move experts have lauded as a "game-changer" for inexperienced savers.The regulator said its targeted support framework is scheduled to launch in April 2026.Firms will be able to apply from March. The dates remain dependent on parliament passing the required legislation.The sc…
For years millions got no help with pensions - here's how things are changing
The government and the financial watchdog are going to allow businesses, including pension firms, to give people more support in helping them make better financial choices, we found out this week. “Targeted support” – as it has been termed – does not sound desperately exciting, but this is a massive step forward. It’s something the financial industry has been working on for a long time, and it should make a real difference to people’s lives. The…
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international-adviser.comFCA confirms introduction of targeted support from spring 2026
Firms will be able to apply to offer targeted support from March next year The post FCA confirms introduction of targeted support from spring 2026 appeared first on Investment International.
FCA outlines further plans for Targeted Support
The Financial Conduct Authority (FCA) has released new detail on its forthcoming targeted support framework, estimating that at least 18 million people could receive additional help with their pensions and investments over the next decade. The new model will allow firms to provide more tailored prompts and specific suggestions to consumers, with the aim of improving understanding and supporting more informed financial decision-making. The FCA vi…
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