FCA's advice/guidance review: 'Boundaries must not be blurred'

‘It is vital that financial advice is not diluted’

Isabel Baxter
clock • 5 min read

Advisers have given a positive response to the Financial Conduct Authority and HM Treasury’s advice/guidance review released on Friday (8 December), but some have noted that the lines between regulated advice and guidance must not be blurred.

The three proposals included further clarifying the boundary, targeted support, and simplified advice. The FCA noted that the proposals were high-level at this stage, not definitive and reflected early thinking. The regulator said they would evolve based on stakeholder feedback and further engagement. The watchdog also said it wanted to discuss the defining features of the proposals and how each would meet consumer needs and firms' ability to deliver services under each proposal, including taking advantage of the opportunity provided by new technologies. The FCA added that it was a...

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Isabel Baxter
Author spotlight

Isabel Baxter

Chief Reporter at Professional Adviser

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