Consumer panel calls for post-Brexit review of product disclosure

In a paper out on 23 February, the regulator's panel claimed current complex disclosure requirements were a product of EU regulation and could be tackled as part of the UK's exit from the bloc. Advisers have long bemoaned the issue of creating short and clear suitability letters for clients under the current disclosure regime. The panel said multiple directives developed by the EU for the various sectors within the industry had created inconsistencies that confused consumers. This had also undermined the ‘overarching' role of EU regulation in the past. It said: "Too often consumers...