'No change here': Advisers react to FCA's simplified advice regime

In a consultation paper (CP), published today (30 November), the regulator set out its plans to establish a simplified advice regime focused on a limited range of mainstream investments to allow firms to offer services at cheaper rates. The regime would be separate from the current regulated advice sphere, with the paper asking for responses to proposals such as streamlining the client fact find process, and the range of investments covered by the regime in a bid to make advice more straightforward and comprehensible. "It is clear that there is a significant section of the UK public w...