This is why reducing harm in the consumer investments market was identified as a priority in the FCA’s 2020/21 Business Plan. 

The feedback we receive will shape the FCA’s work in the coming years to deliver a market that works well for the millions of people who rely on it. 

The CFI is seeking views on the following key questions:

• What more can we do to help the market offer a range of products that meet straightforward investment needs? 
• How can we better ensure that those who have the financial resources to accept the risks of higher risk investments can do so if they wish, but in a way that ensures they understand the risk they are taking?  
• How can we use the regulation of financial promotions to make it easier for people to understand the level of regulatory protections afforded to them when they invest?  
• What more can we do to ensure that when people lose money because of an act or omission of a regulated firm, they are appropriately compensated and that it is paid for fairly by those who cause the loss?  
• How can people be better protected from scams?
•  How do we help this market to be competitive, with firms striving to offer better products and services?  

Christopher Woolard, Tthe FCA’s interim chief executive, said: “The consumer investment market is not working as well as it should. There have been too many scams and scandals and too often consumers are offered unsuitable products or advice. As a result, many consumers lack confidence in the investment market. 

“This call for input is aiming to help shape the future of consumer investments, including regulation, to ensure consumers can have faith in the market. We’ll be considering all contributions carefully as we open this debate on the future of the consumer investment market.”