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

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...