The FCA has published its final rules on Consumer Composite Investments (CCIs), and launched a new discussion paper to understand what else can be done to ensure regulations help consumers take informed risks.
In response, George Ritchie, Manager, Long-Term Savings Policy at the ABI commented:
Today’s package of measures from the FCA reflects promising progress towards empowering more people to invest. By June 2027, firms will have the flexibility to deliver clearer information on cost, performance and risk so customers can make better informed investment decisions.
The FCA’s commitment to reviewing MiFID in 2026 to ensure consistency across the rulebook is welcome news. For maximum success, we now urge the FCA to support the industry in developing practical frameworks for manufacturers and distributors to share information effectively to meet the new requirements.
Additionally, the discussion paper on expanding consumer access to investments is another step in the right direction. We’re pleased to see the regulator continuing to consider how to move away from our current risk averse culture, and towards a sensible, informed approach which supports innovation while protecting consumers.
George Ritchie
Long-Term Savings Policy Manager