Simplified advice guidance due 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...