ABI to FSA: Simplified advice needs 'triage' assessment

In its as yet unreleased response to the FSA's simplified advice consultation, an ABI spokesperson said the association told the regulator its vision "goes beyond what simplified advice should be". "The FSA has set out a vision of simplified advice which we believe is actually closer to full advice, where IFAs have to look at all of a client's financial services use," they said. Before a consumer enters into simplified advice they should be subject to a pre-filtering system to see if full advice is more appropriate, the ABI has told the FSA in its submission. "We suggested there sh...