Advisers do not expect FCA's targeted support to prompt new client propositions

Its latest Schroders UK Financial Adviser Pulse Survey, which includes the views of 272 advisers, found that the proposals for targeted support would prompt 46% of advisers to consider a new proposition for some of their clients or for new clients. The rest, however, would not make any changes. The Financial Conduct Authority (FCA) set out its pensions-focused targeted support proposals in an industry consultation in December. Treasury documents released after the Spring Statement also highlighted the upcoming targeted support package alongside its intention to tackle ISA cash ‘hoardi...