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

FCA to cut red tape for investment firms in bid to streamline regulation

FCA to cut red tape for investment firms in bid to streamline regulation

Volume of legal text cut by 70%

Linus Uhlig
clock 24 April 2025 • 2 min read
Zero cases of non-financial misconduct opened by FCA in two years

Zero cases of non-financial misconduct opened by FCA in two years

A Freedom of Information request has found

Cristian Angeloni
clock 22 April 2025 • 3 min read
Emma Reynolds: Targeted support is 'exciting opportunity' but 'we need to get it right'

Emma Reynolds: Targeted support is 'exciting opportunity' but 'we need to get it right'

‘Need strong consumer protection in place’

Jenna Brown
clock 22 April 2025 • 3 min read