FCA plans 'new form of simplified advice' in advice/guidance review

Three proposals set as part of major review

Isabel Baxter
clock • 4 min read

The Financial Conduct Authority (FCA) and HM Treasury have set out three proposals as part of their joint advice/guidance boundary review, including a new form of simplified advice for consumers.

Published today (8 December), one of the proposals is further clarifying when firms can give consumers support without giving regulated financial advice. The ‘further clarifying the boundary' proposal intends to explore whether further guidance or simplifying existing guidance would help firms provide consumers with greater levels of support by giving them more confidence to operate closer to the boundary. Another is the ‘targeted support' proposal, allowing firms to provide support tailored to groups of people in similar circumstances and enable firms to broaden the support they can ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Reassured appoints chief customer officer

Reassured appoints chief customer officer

Laura Benton to take the role

Cameron Roberts
clock 10 July 2025 • 1 min read
COVER Protection and Health Summit 2025 launched

COVER Protection and Health Summit 2025 launched

Taking place on 11 November

COVER
clock 07 July 2025 • 1 min read
BIBA names chair for advisory board

BIBA names chair for advisory board

Alistair Fraser becomes LBAB chair

Jaskeet Briah
clock 07 July 2025 • 2 min read