Labour backs FCA's advice/guidance boundary review

The party recognises the importance of closing the advice gap

Isabel Baxter
clock • 1 min read

The Labour Party has backed the Financial Conduct Authority’s (FCA) advice/guidance boundary review in its freshly released plan for financial services.

Released today (31 January) Labour stated in the plan that it recognised the need to close the advice gap which it said was "limiting people's ability to manage their finances". The party said it supported the ongoing consultation on the FCA's three proposals to address the advice gap through its advice/guidance boundary review and said it will "closely monitor the progress in closing the gap". AJ Bell director of public policy Tom Selby said that this was "hugely positive". "Ensuring millions of Brits can get the support they need when making often complex financial decisions is c...

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