The Financial Conduct Authority’s (FCA’s) advice/guidance boundary review is slowly but surely coming together, with its consultation on simplified advice having launched this week.
The FCA's latest consultation on simplified advice has sparked widespread debate across the industry, with senior figures broadly welcoming efforts to widen access while urging caution around potential risks. The proposals that came this week follow the regulator's targeted support work which is set to go live in April. Together, both targeted support and simplified advice make up the FCA's advice/guidance review, first launched in 2022 to close the advice gap by redefining the boundary between regulated financial advice and guidance. Boring Money CEO Holly Mackay argued there is s...
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