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The FCA will consult on targeted pension support and new consumer investment rules, aiming to close the advice gap, boost confidence, and foster economic growth through healthy investment culture.
The Financial Conduct Authority has set out the next steps in
its work on closing the advice gap, following feedback on its
related discussion paper.
The
update, published on November 15, 2024, confirms that there
will be a consultation in December on high-level proposals for
targeted support in pensions, which would allow FCA-regulated firms
to provide support to pension savers in a new way. In 2025, it also
plans to consult on rules for better support for consumers in
retail investments and pensions.
The report seeks to support a healthy investment culture, where
people have confidence to invest as well as save which it believes
will not only benefit consumers but will also provide capital to
drive the economy and boost growth.
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