FCA’s key priorities for the financial advice industry

NEWS
Published
Nov 2nd '22
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Speech by Therese Chambers, Financial Conduct Authority (FCA) Director of Consumer Investments, delivered at the Festival of Financial Planning in Birmingham, organised by the Personal Finance Society.

 

Highlights

  • The FCA wants to see more consumers who can afford to do so investing their money safely.
  • This will only occur in a better consumer investment market.
  • Financial advisers play a major role in helping or hindering this better market.
  • The Consumer Investment Strategy and Consumer Duty is a big change that should turn the dial improving financial advice, the consumer investment market, and outcomes for consumers.

 

Birmingham has been on a roll this year, and not just in sport with the Commonwealth Games, but being an important and substantial financial and professional services hub. That’s over 48,000 companies employing over 340,000 people and counting. EY announced that its first fintech hub would be based in Birmingham just last week.

 

Read more, here.

 

Source: FCA