Targeted support: 'Watch this space!' – unknowns persist

With initial plans unveiled in June, the regulator's targeted support consultation will run for eight weeks, with the FCA aiming to finalise rules by the end of the year. Set out as a "stepping stone" to simplified or more comprehensive advice if consumers want a more personalised opinion, targeted support is expected to enable firms to give suggestions to groups of consumers who have common characteristics. So far, consumers have demonstrated a mixed understanding of how to differentiate between individualised advice and targeted support. But what does the financial advice profession...