Investment - Articles - Comments on the FCA Business Plan for the coming year

 David Brooks, Head of Policy at Broadstone, commented: “The FCA’s focus is quite rightly on outcomes for savers and ensuring they get good value from their financial services providers.
 
 “We’re really pleased to see scrutiny on attacking the scourge of rogue advisers and adverts which mislead and scam people out of their hard-earned pensions savings. The Trustees that we work with want their members to be able to enter the world of financial advice with confidence when preparing for their futures and that these professionals will give them the best possible care.”

 Stephen Lowe, director at Just Group. He said: “Advisers will find today’s thematic review helpful in understanding how the FCA wants firms to modify their approach to meeting the needs of those clients who are focussed on the spending, or decumulation phase.

 In a nutshell, clients who are ‘spenders’ need a different approach to those who are ‘savers’. But the devil is in the detail and adjustments to cashflow modelling and risk assessment are highlighted as important areas that need focus.

 “Prior work published by the FCA on DB retirement advice improvements has, as expected, been drawn on as an important evidence base to inform the FCA’s new publication.”
  
  FCA Business Plan 2024/25