The Financial Conduct Authority (FCA) is aiming for a 20 percent reduction by 2025 in the number of people missing out on investment returns.

It estimates there are nearly 8.6 million consumers holding more than £10,000 of investible assets in cash, who could be putting these savings to work.

This is part of the FCA’s new strategy aimed at giving consumers the confidence to invest, supported by a high-quality, affordable advice market.

There is presently £1.6...