FCA tweaks guidance on what constitutes 'advice'
The Financial Conduct Authority (FCA) has set out its final definitions of regulated advice and personal recommendations in retail investment, in a move it hopes will help firms develop 'low cost' distribution models with confidence.
The regulator consulted on the terms last year following confusion among advisory firms and other stakeholders in relation to ‘simplified' advice, decision trees, model portfolios and how the Financial...
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