TISA commentary on the FCA’s announcement regarding the Consumer Composite Investment regime
Commenting on the news, Sophie Legrand-Green, Head of Policy at TISA, said:
”For years, people have had to wade through dense, technical documents that overwhelm rather than inform. The FCA’s emphasis here on simpler, more engaging information for consumers is a very positive step and should give firms the flexibility to design communications that work for all of their customers.
If firms use this freedom to provide clear, balanced messages on risk and return, more consumers will be able to navigate investment decisions, making it easier to recognise when investing could better support long-term goals or understand the impact of leaving their money in cash savings.
TISA stands ready to work with the FCA and the industry to support efforts to build a more accessible, inclusive investment culture, and ensure communications translate into better outcomes for all.”
ENDS.
Notes to editor
- The FCA consulted on its Consumer Composite Investment regime here.
- TISA is a not-for-profit membership organisation committed to improving the financial wellbeing of all UK consumers by working collectively with the financial services industry to deliver solutions and champion innovation, for the benefit of people, our industry, and the nation.
- TISA has approximately 270 member firms involved in the supply and distribution of savings and investment products and associated services. Members include the UK’s major investment managers, retail banks, online platforms, insurance companies, pension providers, distributors, building societies, wealth managers, third party administrators, FinTechs, financial consultants, financial advisers, industry infrastructure providers and stockbrokers.