An industry initiative managed by the Tax Incentivised Savings Association (TISA) and backed by 50 firms and trade bodies has called on the regulator to agree on a ‘common sense' standard for the delivery of guidance to consumers.
The Savings and Investments Policy Project (TSIP) called on the Financial Conduct Authority (FCA) to draw up a set of 'kitemarks' to allow firms to guide consumers based on what 'people like you' should...
Wider reform desperately needed
SIPP claims up 114% year on year
Bought BHS for £1
Roughly 1% eligible consumers transferring
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£3.4bn released last year