7 Million Britons Sit on Cash as FCA Moves to Nudge Them into Investing
Britain’s Financial Conduct Authority (FCA) rolled out near-final rules for a new “targeted support” framework that could reach 18 million people over the next decade, addressing what regulators call a persistent gap in financial guidance for pensions and investments. The regulatory overhaul, finalized today (Thursday), allows financial firms to make specific product recommendations to groups…