Just as temperatures began to cool slightly from the heatwave, this week the advice profession saw more activity from the regulator, with yet more consultations and updates to digest.
As ever, the FCA has not slowed down in releasing its updates, as this week the Professional Adviser newsroom kept up with a steady stream of the regulator's publications. From consultation papers to policy updates and market reviews, it seems like the watchdog is determined to have a clear out before the summer holidays. The week kicked off with the regulator's Consumer Duty – scope and proportionality consultation paper, where it set out that the term ‘co-manufacturing' is expected to be removed from the rules as it seeks to clarify its expectations for firms. The FCA also proposed red...
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