Industry backs FCA's advice/guidance boundary review

Advice gap ‘not going away without significant change’

Ayesha Venkataraman
clock • 4 min read

Ayesha Venkataraman gauges the industry's reaction to news that the regulator plans to review the boundary between advice and guidance…

The Financial Conduct Authority's (FCA) proposed review of the boundary between advice and guidance has been welcomed by many in the industry, who see this move as essential to narrowing the advice gap. Earlier this week, the regulator's executive director of markets Sarah Pritchard announced plans to conduct a "holistic review" of the advice/guidance boundary in a bid to better understand how to remove some of the regulatory burden and make advice on mainstream investments more accessible to mass-market consumers. The news is a "welcome development" according to Standard Life chief e...

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