Nina Cherry and Aneta Murdza explore the outcomes of the Advice Guidance Boundary Review...
The call for responses for the Financial Conduct Authority (FCA) policy paper on Advice Guidance Boundary Review proposals for closing the advice gap is now closed. Will the proposals that follow help to close the advice gap? Last Autumn, FCA guidance encouraged firms to get closer to the boundary in supporting and guiding customers, within Consumer Duty. Then, in December it released the Advice Guidance Boundary Review: proposals for closing the advice gap and ‘enabling consumers to access better support'. The boundary between advice and guidance has long been problema...
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