Targeted support

FCA urges firms to treat all recipients of targeted support as retail customers

Proposes to exclude products subject to marketing or distribution restrictions

Firms must signpost consumers to MoneyHelper’s annuities comparison tool

Targeted support costs allocated to LDII funding class

Simplified advice engagement to come end of this year

To conduct further work on simplified advice

Lang Cat research finds advice gap steady with just 9% paying for advice

Altus Consulting's Robert Holford urges advisers to prepare for a ‘spectrum' of guidance and advice

Regulator expected to update the industry this month

Some 54% said they will not consider new propositions, Schroders finds