Simplified advice regime will boost financial resilience

'What's been tabled will help to ease the nation's cash obsession'

clock • 3 min read

Access to a simplified and cost-effective financial advice regime could dramatically change the financial resilience of the country, writes David Tiller

During a time when the nation is suffering with double-digit inflation, it is ever more imperative that the millions of people around the UK who hold too much of their savings in cash make their money work harder. For this reason, the Financial Conduct Authority's (FCA) plans to make financial advice more accessible and help people have more confidence while investing is a good step in the right direction. Not everyone needs full-service financial advice, especially in the early stages of building wealth and having relatively simple financial affairs. We know people want advice but of...

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

Regulators rethink D&I targets 'to avoid additional burdens on firms'

Regulators rethink D&I targets 'to avoid additional burdens on firms'

FCA and PRA to take different appraoch to diversity and inclusion

Linus Uhlig
clock 13 March 2025 • 2 min read
FCA's shelved name and shame policy 'deeply flawed from the outset'

FCA's shelved name and shame policy 'deeply flawed from the outset'

The decision to drop the policy described as ‘significant development’

Sahar Nazir
clock 12 March 2025 • 2 min read
SDR 'not easy' but has 'raised the bar' - FCA's Sacha Sadan

SDR 'not easy' but has 'raised the bar' - FCA's Sacha Sadan

More than 100 funds have adopted one of the four SDR labels

Cristian Angeloni
clock 12 March 2025 • 4 min read