US EditionTargeted support could see 18 million savers offered help in next decade
The FCA aims to close the advice gap by enabling firms to offer limited tailored investment recommendations, potentially benefiting 18 million UK savers by 2026.
- The Financial Conduct Authority announced that targeted support could assist at least 18 million savers with investments and pensions over the next decade.
- Firms will suggest specific financial recommendations without full assessments, ensuring suitability according to the FCA's guidelines.
- New legislation is required before the initiative starts, with an expected go-live date in April 2026.
- This change aims to close the advice gap and empower consumers to make informed financial decisions.
11 Articles
11 Articles
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…
FCA: Millions of people set to get extra help with investments and pensions decisions with the introduction of targeted support
Over the next decade at least 18 million people could be offered extra help with their investments and pensions with the introduction of targeted support by the Financial Conduct Authority (FCA). The ground-breaking new service will allow firms to make specific suggestions to consumers – so they can make better informed decisions about what to do with their money. The need for greater support is stark. According to the latest FCA data, there w…
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