Advisers have reacted with scepticism to the government's plans to change the definition of financial advice, calling into question whether it would be effective and warning it could even attract more scammers to the sector.
The government has proposed changing the definition of advice from the one anchored in the Regulated Activities Order (RAO) to the one found in European regulation Markets in Financial Instruments Directive...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November