Advice/guidance review may trigger regulatory framework overhaul

The advice/guidance boundary review is centred on four key consumer harms

Sahar Nazir
clock • 1 min read

The review of the advice/guidance boundary “may lead to a wholesale restructuring of the regulatory framework” according to the Financial Conduct Authority (FCA).

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Women in Financial Advice Awards 2025: Entry period closes on Friday!

Women in Financial Advice Awards 2025: Entry period closes on Friday!

There is still time to complete your WIFA 2025 entries

Professional Adviser
clock 18 June 2025 • 1 min read
FCA shift to outcomes-based regulation gives advisers chance to truly shine

FCA shift to outcomes-based regulation gives advisers chance to truly shine

‘Gives opportunity to be the adviser you always wanted to be’

Jenna Brown
clock 18 June 2025 • 2 min read
Women taking more control of finances but lack trust in advisers

Women taking more control of finances but lack trust in advisers

More than half of women controlling household finances

Sahar Nazir
clock 18 June 2025 • 1 min read