TISA welcomes tabled amendment allowing for personalised guidance

‘Crucial that consumers have access to targeted and effective support’

Ayesha Venkataraman
clock • 2 min read

The Investing and Saving Alliance (TISA) has expressed support of Treasury Committee chair Harriet Baldwin tabled amendment to the Financial Services and Markets Bill (FSM Bill), which paves the way for regulated personalised financial guidance and support.

In September, Baldwin spoke in support of the FSM Bill and highlighted opportunities for the financial advice market to offer people more customised guidance through the use of innovation and technology. During a debate in parliament, Baldwin commented of the now tabled amendment, saying: "It would allow the provision of much more personalised guidance through the use of innovation and technology, helping consumers through difficult decisions such as moving pensions when they change employer. "That would create a better-informed consumer who would not necessarily fall so easily for so...

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 Your profession

'Cautious' wealth managers reduce exposure to US following Trump's return

'Cautious' wealth managers reduce exposure to US following Trump's return

Biggest negative US sentiment swing for 15 years

Sahar Nazir
clock 02 April 2025 • 1 min read
Titan Wealth snaps up Workplace Advice Group

Titan Wealth snaps up Workplace Advice Group

Acquired business will ‘work closely’ with Titan Wealth Planning

Sahar Nazir
clock 01 April 2025 • 2 min read
FSCS deposit protection limit could rise to £110,000

FSCS deposit protection limit could rise to £110,000

Proposal would take effect from December 2025 if approved

Sahar Nazir
clock 31 March 2025 • 2 min read