FCA's targeted support risks infringing on advice - PIMFA

PIMFA said the FCA must ensure targeted support is sufficiently distinct from advice to preserve its appeal to consumers. The trade body said while it backed targeted support, which would allow providers to help pension savers in a more meaningful way than at present, the attractiveness of mass-market financial advice must be preserved. The position forms part of its response to the regulator's consultation Advice Guidance Boundary Review – proposed targeted support regime for pensions which closed today (13 February). PIMFA argued while it was right that targeted support should be...