FCA Targeted Support announcement

FCA consults on proposed ‘targeted support’ for pensions and retail investments

On 30 June 2025, the Financial Conduct Authority (FCA) published Consultation Paper 25/17 (CP25/17), setting out detailed rules for a new regulated proposition for targeted support in pensions and retail investments. Targeted support In CP25/17 the FCA is proposing a new form of support – targeted support – in pensions and investments, which would enable firms to provide suggestions designed for groups of consumers with common characteristics to…

FCA Targeted Support announcement

FCA launches 'once in a generation' advice reforms

FCA proposals to allow advice firms to offer ‘targeted support’ have been roundly welcomed as a way of closing the advice gap. Recent FCA research showed that just 9% of adults received regulated advice on their pensions and investments in the 12 months to May 2024 and 61% of adults with £10k or more in investible assets held these mostly in cash. To address this, as part of the Advice Guidance Boundary Review, the regulator has proposed to allo…