FCA working group recommends 'five financial rules of thumb'
Follows focus group and consumer research

The regulator's Financial Advice Working Group (FAWG) has proposed five financial 'rules of thumb' and 'nudges' designed to help people meet common personal finance needs.
Based on the common phrases 'five fruit and veg a day' and 'a rule of thumb', the proposed 'Financial Five' is a result of one of the Financial Advice Market Review (FAMR) recommendations, which suggested...
More on Regulation
Regulator set to cap 'excessive' CMC fees
Maximum 30% of redress
FCA asks struggling firms: 'How long do you expect to remain in business?'
Third Covid-19 resilience survey sent to advisers
Quilter launches clone scam reporting tool
Rise in clone scams
Keith Churchouse: Here's to 'adding value for all' in 2021
Red-lettered warning
Market access: All eyes turn to equivalence question as Brexit deal is completed
Managers plea for clarity over passporting rights
More news
UK borrows £34bn in December as public sector debt set to increase through 2021
Third highest monthly figure since 1993
Advisers to be levied £240m again as FSCS announces £1bn overall levy
'Cannot normalise this level of loss'
Daniel Baade: The rise of debt financing in IFA M&A
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Quilter supports 285 young carers in the UK by raising £10,600
Supported over Christmas
Treasury Taskforce to address FSCS levy concerns and work with FCA
Plus online scams