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...
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body
Also plan to scrap NI on contributions
Eight-week high against US dollar