What's in a name? Why 'guidance' should be 'tailored information'

Anything but 'guidance' should be used

clock • 4 min read

Brendan Llewellyn discusses the terminology used in the advice/guidance debate and says the difference between the two is by no means clear...

Harriet Baldwin's tabled amendment on "personal financial guidance "follows the Financial Conduct Authority's (FCA) announcement that it wants to carry out a "holistic review of the boundary between advice and guidance so we can understand how to reduce the regulatory burden while continuing to provide the right level of consumer protection". The background is that advisers tend to operate at the more affluent end of the market whilst some providers, targeting the mass market, want to offer more than generic information or execution only yet are concerned that their services might be int...

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

Women in leadership: Being authentic is a strength

Women in leadership: Being authentic is a strength

‘Leadership in financial services is a team sport’

Jenna Brown
clock 16 April 2024 • 7 min read
Advisers seeing clients 'stretch finances' to afford private school

Advisers seeing clients 'stretch finances' to afford private school

Parents ‘stretching finances’ to finance private education

Sahar Nazir
clock 16 April 2024 • 1 min read
FCA's Howard: Firms' culture must change to attract female talent

FCA's Howard: Firms' culture must change to attract female talent

‘We need a different and better mix of advisers and advice’

Jenna Brown
clock 16 April 2024 • 4 min read