Circle of life: Financial advice and the ageing population

FCA paper under the microscope

clock • 4 min read

The average life expectancy of children born in 2013 is now over 90. Aileen Lynch looks at the FCA's paper on the ageing population and asks if financial services is up to the challenge

The regulator recently released a discussion paper entitled A collection of perspectives: Ageing population and financial services (DP16/1) which encourages advice firms to do more to support the ageing population, and ensure that consumers can access the financial products and services they need at every stage of their life.   The landscape of the UK's population is changing; although this is a fact with which we're all familiar, the Financial Conduct Authority (FCA) includes a couple of statistics which really drive the point home.   Firstly, that the average life expectancy of chil...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

IFAs 'have role to play' in tackling 'blissful ignorance' around pensions

IFAs 'have role to play' in tackling 'blissful ignorance' around pensions

Advisers must ‘open people’s eyes to the reality’

Isabel Baxter
clock 16 June 2025 • 4 min read
Pension freedoms have delivered flexibility in the last decade 'at a cost'

Pension freedoms have delivered flexibility in the last decade 'at a cost'

Consumers value choice but are aware of risk of running out of funds

Jasmine Urquhart
clock 12 June 2025 • 2 min read
Alex Cowan-Sanluis: 'Pension transfer sludge is real – I've seen it'

Alex Cowan-Sanluis: 'Pension transfer sludge is real – I've seen it'

'It became so frustrating that we spoke to the FCA'

Alex Cowan-Sanluis
clock 09 June 2025 • 4 min read