In this month’s Our Sector column, a space for trade and professional bodies engaging with the advice profession and the industries it works alongside to share developments and spotlight financial services issues that matter, The Investing and Saving Alliance head of policy Sophie Legrand-Green makes the case for attitudinal targeted support
The UK's long-running "advice gap" leaves many people disengaged from their finances, holding cash or low-return products which mean they get poorer in real terms as inflation erodes their savings. Targeted support, the FCA's landmark new regime, has been launched to address this by offering a middle ground between guidance and full regulated advice. Authorised firms can provide ready-made suggestions to clear, pre-defined consumer segments (groups with common characteristics), helping people make better long-term choices without the cost and formality of one-to-one advice. What is t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
