Closing the advice gap: 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...