'We have an opportunity to radically rethink our disclosure regime'

As always, Pima will work with both the FCA and the government to create a more impactful disclosure regime and deliver better outcomes for consumers. It is vital that any future disclosure framework provides value for consumers and is proportionate for firms to execute.

In line with our shared ambition with the FCA and government, we see this as a real tool to help simplify the journey towards better engagement with financial services and advice more broadly. 

Liz Field is chief executive at Pimfa