Simplifed advice: Are we on the way to another advice scandal?

Chartered financial planner sets out simplified advice plan

clock • 4 min read

Anna Sofat sets out her blueprint for simplified advice - which is rather different to what the regulator has put forward...

The Financial Conduct Authority's (FCA) intention to bring in a simplified financial advice regime to help more people to invest in the stock market is to be welcomed. The mass market would benefit vastly from financial advice and help with investing but is the FCA's approach as outlined in its recent Broadening Access to Financial Advice for Mainstream Investments the right approach to meet this need? I am not convinced the FCA is going about this, addressing this need, in the right way. In focusing just on advice for those wanting to invest in stocks and shares ISAs and limiting ...

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