Mark Greenwood: Don't miss this chance to help define 'financial advice'

As outlined in the Financial Advice Market Review (FAMR) earlier this year, the Treasury is now consulting on revising the definition of regulated financial advice, with a view to bringing it into line with the EU definition set out in the Markets in Financial Instruments Directive (MiFID). As you may remember, the driver for this change was the Treasury's belief that consumers face many complex financial decisions throughout their lives and that they would often want to seek, and would benefit from seeking, advice. The Treasury recognised that many consumers need guidance in making f...