FCA work to continue until firms use ‘common sense’
Work to clear up the boundary between advice and guidance will continue until firms learn to use “common sense” to benefit consumers, FCA chief executive Andrew Bailey has pledged.
Financial Advice Market Review
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‘Unhelpful’ advice labels should be reviewed – OMW
Old Mutual calls for the government to find ways to decrease the wealth management industry’s regulatory burden, in response to the Financial Advice Market Review.
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Financial advice definitions need clarity, says AJ Bell
The definition of financial advice is becoming blurred with potentially dangerous consequences, according to AJ Bell.
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PA ANALYSIS: Should you be worried by Treasury’s advice review?
With the Financial Advice Market Review now fully in motion following the first consultation, advisers are bracing themselves yet another potential shift in the ever-changing industry landscape.