The Financial Conduct Authority (FCA) has attempted to clear up some of the confusion surrounding the boundaries between various advice models, and clarify what constitutes a 'personal recommendation'.
In a guidance consultation paper issued on 11 July, the regulator said it wanted to explore the barriers preventing firms from developing distribution models, both advised and non-advised, which were separate...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till