Six surprising snippets from the FCA's simplified advice paper

In a guidance consultation paper issued on 11 July, the regulator said it wanted to explore the barriers preventing firms from developing distribution models, both advised and non-advised, which were separate from the existing extremes: full advice and execution-only. It says there exist five main types of retail investment distribution model. Some stakeholders have suggested the guidance - which remains a consultation until 10 October - has failed to deliver the clarity it set out to achieve. But the FCA argues it has shown there are no barriers to firms developing new models to c...