FCA harm strategy should be 'more ambitious', industry claims

News Team, 21/09/2021

A Financial Conduct Authority (FCA) plan to tackle consumer harm has been welcomed in principle, though some in the wealth and advice sector have said it does not go far enough.

By 2025, the FCA has said it will reduce by 20 percent the number of consumers who could benefit from investment earnings but are missing out. There are nearly 8.6 million consumers holding more than £10,000 of investible assets in cash.

It would also look to halve the number of consumers wh...

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