Paul Bruns: Ongoing review flexibility and the advice gap

Back in March, the Financial Conduct Authority published the consultation paper CP26/10: Simplifying the pension and investment advice rules, which outlined how the regulator would be consulting on firms being able to give more simplified forms of advice to consumers.  CP26/10 is a wide-ranging paper seeking stakeholder feedback on a proposed simplification of the current rules on pensions and investment advice, found in the Conduct of Business Sourcebook (COBS). A large part of the paper covered how the FCA is proposing to simplify some of the current suitability rules in COBS, place...