The Financial Services Authority is set to provide final guidance on simplified advice this week.
In September, the regulator published a guidance consultation outlining its definition of simplified advice, how it could be delivered and the regulatory burdens for providers.
A spokesperson for the FSA confirmed final guidance would be published by the end of the week.
Despite initial enthusiasm from some providers about its potential to plug the advice gap post-RDR, the concept has failed to gain significant traction.
Among the firms to explore simplified advice was Aviva which, although it developed a prototype online model based on decision trees, has now opted to focus on execution-only services.
Paul Yates, strategy and product development director at technology provider Avelo, said simplified advice was already "dead".
"There were too many checks and it wasn't really simplified enough. The FSA has lost the impetus and everyone is going to do non-advised.
Speaking to IFAonline earlier this year, David Ingram, founder of provider consultancy Aim Two Three, identified the key concerns around simplified advice.
"While the FSA and Ombudsman sit back and say simplified carries the same regulatory requirements as full advice, why would anyone want to provide it?" he asked. "They're asking people to take too much risk."
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