In his latest monthly instalment, the CII's David Thomson provides an update on the key regulatory events of the past few weeks...
First up, guidance to support firms that want to provide simplified advice or sales without a recommendation has been published by the Financial Conduct Authority (FCA). The guidance has been issued following ongoing FCA policy work and the output from a thematic review into the growth of new advice models, including simplified advice. The regulator has been reviewing the ‘boundary' as part of the debate over simplified advice, as well as both industry and consumer body concern over where exactly the boundary sits. The FCA found that a number of firms had decided not to develop simplifie...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes