More paternalism in the regulation of consumer financial investments? Private sector duties and public goods analysis

Abstract Paternalistic forms of regulation for the retail investment market have been gradual and restrained, even though significant gaps exist between investors’ needs market-based provision. As ordinary citizens reckon with a variety savings become financial responsible their own welfare provision, health is not merely an issue individual fortunes but social need. Adverse consequences can at scale issue, as reflected in demands critique entailing from collapse London Capital Finance UK. The need more regulatory paternalism goes beyond preventing mis-selling, outworking point-of-sale remains relatively unconsidered. Post-sale is, however, increasingly recognised consumer credit slower to catch on relation investments. This paper advocates that regulator should remain ambivalent about paternalistic interventions. protection only shifting burdens industry also provision public goods where there are standardised baseline investors. unpacks roles both private sectors addressing needs.