On 8 December 2023, the Financial Conduct Authority (FCA) and HM Treasury (HMT) published a joint discussion paper to examine the regulatory boundary between financial advice and.
More people could access financial advice or support under new proposals published by the FCA today (8 December). Among them is a new form of simplified advice that makes it easier for firms to provide affordable personal recommendations to clients with smaller sums to invest. The city watchdog also wants to clarify
The Financial Conduct Authority’s (FCA) changes to how it will approach advice and guidance is a positive that will both support its ongoing Consumer Duty work and help bridge the advice gap, experts agree.
The regulator's Consumer Duty is complex, and many firms may find it challenging and costly to implement, writes Wendy Saunders. Here the lawyer sets out what is required.