FCA plans 'new form of simplified advice' in extensive review

Three proposals set as part of major review

The Financial Conduct Authority and HM Treasury have set out three proposals as part of their joint advice and guidance boundary review including a new form of simplified advice for consumers.

Published today (8 December), one of the proposals is further clarifying when firms can give consumers support without giving regulated financial advice. The ‘further clarifying the boundary' proposal intends to explore whether further guidance or simplifying existing guidance would help firms provide consumers with greater levels of support by giving them more confidence to operate closer to the boundary. National Audit Office finds 'significant delay' in FCA regulatory action Another is the ‘targeted support' proposal, allowing firms to provide support tailored to groups of peopl...