Overview

• The public consultation launched in June closes on Friday, 29 August 2025.
• Nike Trost of the FCA said she is "very confident" the rules could apply by the end of 2025 or early 2026.
• The framework would permit group-tailored suggestions, where current rules block help unless customers pay for full advice.
• Firms would need FCA or PRA authorisation and must follow dedicated conduct standards, including clear scope and risk warnings.
• The FCA points to seven million adults with £10,000+ in cash and over £430bn sitting in savings, while industry studies estimate advice can add about £2,500 a year to retirement income.