On 15 November 2024, the Financial Conduct Authority (FCA) issued an update on the Advice Guidance Boundary Review.

The FCA states that:

• In December 2024, it will consult on high-level proposals for targeted support in pensions, which would allow firms it regulates to provide support to pension savers in a new way.

• Building on earlier pensions work, in H1 2025, it plans to consult on rules for better support for consumers in retail investments and pensions.