RDR Policy: No regulatory regime for Simplified Advice; Backtrack on Level 4

Katrina Lloyd
clock •

The FSA says it is not yet ready to create a regulatory regime for Simplified Advice as the development of this channel is still in its infancy but admits it may not be necessary for the level 4 requirement to be needed in this area.

It says it is committed to working with the industry to build on its propositions for Simplified Advice but says regulation at his stage is difficult as there is no consensus across the industry as to how Simplified Advice will look. The FSA says: "We will not create a new regulatory regime for Simplified Advice. Given that many firms are at the early stages of developing Simplified Advice propositions, it would be unwise for the FSA, without greater certainty about the design of the process and the product suite, to develop definitive guidance on how Simplified Advice processes would be...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advised clients want more personal investment communication

Advised clients want more personal investment communication

Four in ten say comms focused more on product than goals

Jenna Brown
clock 12 November 2026 • 3 min read
How economic abuse manifests itself in pensions, mortgages and protection

How economic abuse manifests itself in pensions, mortgages and protection

Second in a three part series

Shelley Read
clock 11 November 2026 • 5 min read
Celtic FP founder launches online admin platform for advisers

Celtic FP founder launches online admin platform for advisers

‘Developed by people who understand the industry’

Jenna Brown
clock 10 November 2026 • 2 min read