The Association of Professional Financial Advisers (APFA) has called on the regulator to cut its handbook on adviser disclosure by a third, saying too many rules lead to lengthy suitability reports that confuse consumers.
APFA listed about 50 COBS rules relating to adviser disclosure, all of which, it said, "lead to consumers being inundated with information at nearly every stage in the advice process". The glut of rules...
Avoids paperwork with two-step process
Investment process will use machines
Mark Sterling accused of operating a collective investment scheme without authorisation
'Increasing engagement will only favour those prepared to put in the effort'
CMCs to pay £7.1m by 2019/20