Proposed simplified advice rules unlikely to help service new clients, advisers say

Research from AJ Bell

Sophia Panayi
clock • 1 min read

Over half of advisers (57%) believe the Financial Conduct Authority’s recently proposed changes to the pensions and investment advice rules is unlikely to help them service new clients, according to research from AJ Bell.

Surveying 282 advisers for their opinion of the proposals, 13% said they will make it significantly easier to give advice, while 37% of advisers expect little or no practical change and 41% expect only marginal change. Less than one in ten (9%) said the changes would make a significant difference, while a further 35% felt they might have limited benefit in helping service a wider market. Overall, 35% said they had a neutral view of the new proposals while 27% said they were mostly welcome. The FCA's consultation CP26/10: Simplifying the pensions and investment advice rules closed f...

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Sophia Panayi
Author spotlight

Sophia Panayi

Senior reporter at Professional Adviser

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