IA comments on the FCA's consultation on broadening access to financial advice for mainstream investments

Commenting on the FCA's consultation on broadening access to financial advice for mainstream investments, Jonathan Lipkin, Director of Policy, Strategy and Innovation at the Investment Association, said:

“The opportunity to invest for the future should be available to millions more British people. We’ve been advocating to make it easier to access affordable financial products and services and today’s FCA announcement on financial advice is an important step in the right direction. We look forward to working with the regulator and other stakeholders on a holistic review of advice that ensures consumers feel empowered, while still offering high levels of protection.”

Notes to Editors:

For further information, please contact:

Arianna Schardt, Communications Executive: [email protected]

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About the Investment Association (IA):

The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £10 trillion of assets and the investment management industry supports 122,000 jobs across the UK.

Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers. 

Our purpose is to ensure investment managers are in the best possible position to:

  • Build people’s resilience to financial adversity
  • Help people achieve their financial aspirations
  • Enable people to maintain a decent standard of living as they grow older
  • Contribute to economic growth through the efficient allocation of capital.
  • The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs

The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.