Financial advisers have broadly welcomed the FCA’s new proposals for targeted support for pension savers but have warned more clarity is needed if they are to succeed.

The Financial Conduct Authority has published new proposals to provide ‘targeted’ support to millions of pension savers to help them avoid costly mistakes.

FCA chief executive Nikhil Rathi appeared on ITV’s popular peak time programme The Martin Lewis Money Show last night to answer questions on a number of subjects including car finance claims.

The Financial Ombudsman Services will freeze case fees and levies for firms for the 2025/26 financial year.

A focus on how the FCA can support early and high growth firms will form the cornerstone of the FCA’s strategy between 2025 and 2030, according to CEO Nikhil Rathi.

The FCA has revealed that its Consumer Duty priorities for the coming months will include looking at targeted support for pension savers.

Manchester-based Pareto Financial Planning has moved its HQ to the refurbished and iconic Old School House building in Spinningfields in the centre of the city and addd more staff.

Acquisitive Northern Ireland financial adviser Milecross Financial has bought Milton Keynes-based Financial Planning firm The Martin Cliffe Practice for an undisclosed amount and plans further deals in 2025.

Blick Rothenberg partner Kelly Greig has been re-elected as worldwide chair of STEP for a second term, to take effect from 1 January.

Wealth advisers want to write protection business but say they need help demonstrating the need for protection, according to a survey conducted at the recent Consumer Duty Alliance Protection Forum.