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

Adviser on crypto: 'I spend most of my time telling clients not to invest in it'

Adviser on crypto: 'I spend most of my time telling clients not to invest in it'

Panel unpacks next gen themes in advice

Isabel Baxter
clock 10 February 2026 • 3 min read
New Talent Alliance uncovers 'inconsistent' advice market data

New Talent Alliance uncovers 'inconsistent' advice market data

Identified ‘serious long‑term talent pipeline risk’

Jenna Brown
clock 10 February 2026 • 2 min read
Dynamic Planner CEO: Cost to serve remains advice's 'Achilles heel'

Dynamic Planner CEO: Cost to serve remains advice's 'Achilles heel'

Updates on technology’s firm AI developments

Isabel Baxter
clock 10 February 2026 • 2 min read