Simplified advice

Simplified advice: How simple should your new model be?

The Financial Conduct Authority (FCA) has offered help to financial advisers who want to build simplified advice models, saying it is prepared to give 'individual guidance' or an 'informal steer' as part of its Project Innovate.

The Wealth Management Association (WMA) has announced a strategic review to improve its services to members.

Simplified advice should not be restricted to those who have cleared their debts and had other ‘priority needs' met if the Financial Conduct Authority (FCA) is serious about closing the advice gap, according to a law firm.

A simplified advice proposition its founder says is exhaustive enough to eliminate the need for face-to-face communication will charge clients about 1%.

Increasing advisers' average productivity with the use of technology and attracting young talent are the keys to narrowing the advice gap in the wake of declining intermediary numbers, according to Standard Life's Barry O'Dwyer.

Six surprising snippets from the FCA's latest consultation paper

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 FCA's five-strong range of retail investment distribution models (as it sees it)

The FCA's five key tests for investment advice