The Financial Conduct Authority (FCA) has failed to provide clarity and reassurance over the development of simplified advice models in its latest consultation, according to eValue strategy director Bruce Moss.
The regulator's interpretation of its own regulations "is consistently caveated by the words ‘depending on the circumstances'," and is therefore unclear, Moss said. A guidance consultation published...
View from the front row
Project Libra unveiled
Including SJP and investment trusts
Spent two years at Sanlam
Will also assess FCA's actions