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Financial Times, 30 November 2022, UK watchdog sets out sweeping reform of investment advice
ShareSoc was quoted in an article in the Financial Times about the FCA’s plan to boost returns by giving investors with ‘straightforward needs’ simpler guidance.
Cliff Weight, director of ShareSoc, which represents retail investors, also welcomed the FCA’s announcement, saying “nanny-state regulation” had led to savers “miss[ing] out on the better long-term returns of equities over cash”. But he warned that the reforms would not “solve the problems of the low levels of financial education in the UK.
Click here to read the article.
Post Date: November 30, 2022
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