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 exe...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes