Why wait for targeted support? Industry can build client confidence now

'The power of compound interest should not be underestimated'

clock • 3 min read

Targeted support may help people make more informed investment and pension decisions - but we don't need to wait until its official rollout, argues Andrew Tully

In its latest update on its Advice Guidance Boundary Review, the Financial Conduct Authority (FCA) has confirmed it will move ahead with a consultation in December to determine how targeted support will work for pension savers. The aim is for people to gain a greater understanding of what actions people like them are taking. Our recent 2024 Retirement Confidence Index also highlights that many people need greater support. Respondents who are confident about retirement often have good pension provision, investments and savings as well as other sources of income. These have often res...

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 Pensions

Many savers fear smaller pension pots after salary sacrifice reforms

Many savers fear smaller pension pots after salary sacrifice reforms

Two-thirds think changes will mean paying more National Insurance

Jasmine Urquhart
clock 08 January 2026 • 2 min read
Evolution of pension recommendations and how 2026 may influence change

Evolution of pension recommendations and how 2026 may influence change

Next year could be the start of something big

Richard Hulbert
clock 06 January 2026 • 4 min read
Preparing for 2029: Adapting to the Budget's salary sacrifice cap

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

'While this policy alters the landscape, it arguably represents an adjustment rather than a fundamental reform'

Steve Charlton
clock 22 December 2025 • 3 min read