We've set out proposals for a new type of support for consumers with their pensions. Targeted support will enable firms to help consumers make effective, timely and properly informed decisions about their pensions. Read and respond to our Consultation by 13 February 2025. #PensionSupport #FinancialServices #FinancialRegulation
We’re very pleased to see the FCA develop its targeted support proposal for pensions which would enable firms to deliver better outcomes for consumers. Read our full response - https://www.abi.org.uk/news/news-articles/2024/12/abi-response-to-fca-advice-guidance-boundary-review/
Can I ask what the difference is between "appropriate" and "suitable" ....?
Section 32 Buyouts need to be included.
Great to see this, although, on first skim, it seemed a little odd to me that only 1 of the 50 consultation questions is asking about combined Targeted Support and Commercial Dashboards. In my simple mind, you can only target support at consumers once you're able to see the entirety of all their pensions (and ideally their wider financial position too). Am I right? Thoughts?