Regulations Affecting the Average Person

Pictured: Nikhil Rathi, Chief Executive at the FCA

Summary of Key Changes

International law firms expect further clarification of the FCA's approach to overseas funds, pensions and investment products in respect of sustainability disclosures, with additional focus to come on financial advisers in 2025. 

OFR funds are predicted to come into force in the second half of 2025. 

Context of the Changes

The FCA's Business Plan 2024/25 confirmed that they will continue to integrate the Sustainability Disclosure Requirements and Investment Labels across the Market, including the anti-greenwashing rule and guidance. The FCA will continue to expand the regime, starting with a consultation on Portfolio Management 2024.

CP24/27: Advice Guidance Boundary Review – proposed targeted support reforms for pensions. The FCA plans to consult on detailed requirements with draft rules and guidance by the end of the first half of 2025 that will apply across retail investments and pensions. This new type of regulated pension support seeks to help consumers make effective, timely and properly informed decisions about their pensions to aid them in making informed decisions and support them to achieve their goals.