Government opens consultation on amending definition of financial advice

Opinions sought on wording, costs, benefits and risks

Julian Marr
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Government opens consultation on amending definition of financial advice

The government has opened its consultation on amending the UK definition of financial advice, with the stated aim of giving firms "the confidence to develop better and more tailored guidance services to help customers make informed financial decisions".

The consultation document, which was published today, sets out the background to the issue and seeks views on the potential costs and benefits of the change as well as the associated risks. The Financial...

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