Nearly half of UK adults expect to use targeted support

Nearly half (44 per cent) of UK consumers are confident they will use the Financial Conduct Authority’s (FCA) targeted support regime, which came into force yesterday (6 April), research from KPMG UK has shown. The analysis revealed that more than half (58 per cent) of adults had never sought professional advice on pensions or long-term savings, while 53 per cent said they would welcome being offered targeted support. Targeted support aims to bridge the gap between advice and guidance, allowing firms...