The Financial Conduct Authority (FCA) has set out its pensions-focused targeted support proposals in an industry consultation as it moves to tackle the advice gap.
The regulator said free targeted support would help millions of savers make better decisions about their pensions. The consultation, Advice Guidance Boundary Review – proposed targeted support reforms for pensions, is part of the wider Advice Guidance Boundary Review being run in conjunction with the Treasury. The FCA said targeted support would sit between ‘full fat' regulated financial advice and guidance services currently on offer from organisations such as MoneyHelper. It added provision was important as more than 16 million people now save for retirement in a defined contribu...
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