Most advice firms not planning to implement targeted support - research

Firms are taking a ‘wait and see’ approach

Sophia Panayi
clock • 3 min read

Most (63%) wealth management and financial advice firms who are PIMFA members are not planning to offer targeted support services, according to research.

PIMFA's second Regulatory Insights Tracker, surveying 56 member firms between February to March 2026, revealed 40% agreed that targeted support will play a significant role in helping retail investors make better financial decisions, with only 4% disagreeing and 57% reserving judgment. Additionally, 31% agreed the regime will set savers and investors on a pathway towards holistic financial advice, with just 18% disagreeing, while 52% offered no strong view. PIMFA believes this is "further evidence of a 'wait and see' approach". Similar sentiment towards simplified advice Alongsid...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA secures money back for victims of £1.5m crypto fraud

FCA secures money back for victims of £1.5m crypto fraud

Obtains confiscation orders against Raymondip Bedi and Patrick Mavanga

Sophia Panayi
clock 28 September 2026 • 1 min read
FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

Regulator's Kate Tuckley gives update

Isabel Baxter
clock 08 September 2026 • 3 min read
DB transfer adviser hit with provisional FCA ban and £742,700 fine

DB transfer adviser hit with provisional FCA ban and £742,700 fine

Daniel Thomas advised 53 clients, including four British Steel scheme members

Sophia Panayi
clock 03 September 2026 • 2 min read