The Financial Conduct Authority (FCA) has proposed excluding investment products that are subject to marketing or distribution restrictions from ready-made targeted support suggestions.
In a consultation paper published this morning (30 June), the regulator outlined plans for targeted support as it looks to finalise rules by the end of this year. Within the paper, it shared its proposals to exclude these higher risk investments, flagging feedback that suggested that to include them could see a "risk of significant consumer harm" should they be distributed widely to retail investors without appropriate safeguards in place. Many firms saw providing access to higher risk products as a "minor use case", the FCA noted. "Given the associated risks and that targeted supp...
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