Advice/guidance review may trigger regulatory framework overhaul

Speaking yesterday (21 September) at the Personal Investment Management & Financial Advice Association's Compliance Conference 2023, director of consumer investments Lucy Castledine told delegates that the review could lead to a fundamental overhaul of advice in the UK. She said previous approaches in this area had been limited by the European Union regulations but that now the FCA had "greater flexibility in terms of its rule-making powers". The advice/guidance review would seek to ensure that consumers "get the help they want, at the time they need it and at a cost that is affordabl...