Why wait for targeted support? Industry can build client confidence now

'The power of compound interest should not be underestimated'

clock • 3 min read

Targeted support may help people make more informed investment and pension decisions - but we don't need to wait until its official rollout, argues Andrew Tully

In its latest update on its Advice Guidance Boundary Review, the Financial Conduct Authority (FCA) has confirmed it will move ahead with a consultation in December to determine how targeted support will work for pension savers. The aim is for people to gain a greater understanding of what actions people like them are taking. Our recent 2024 Retirement Confidence Index also highlights that many people need greater support. Respondents who are confident about retirement often have good pension provision, investments and savings as well as other sources of income. These have often res...

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 Pensions

Time is of the essence for pension transfers, advisers say

Time is of the essence for pension transfers, advisers say

More than half highlighted that they are taking one to six months

Isabel Baxter
clock 28 November 2024 • 3 min read
A decade on: Risks and challenges of freedom and choice

A decade on: Risks and challenges of freedom and choice

'Let me be clear: No one will have to buy an annuity'

Adrian Boulding
clock 25 November 2024 • 6 min read
How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read