The Financial Conduct Authority (FCA) will consult on high-level proposals aimed at providing targeted support for pension savers as part of its ongoing Advice Guidance Boundary review.
The consultation will begin in December, with a focus on pension-related support and how the FCA plans to address the advice gap. In a statement today (November 15), the FCA outlined the feedback it had gathered regarding its proposals, including a plan to engage with small advice firms in 2025. These roundtables will assess whether these firms have the capacity and willingness to offer simplified advice services. The regulator noted a particular need for targeted support in the pensions space, and the December consultation will address how this support might be structured, includi...
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