Almost a Third of Firms Considering Simplified Advice

One third of UK advice firms considering offering ‘simplified advice’

One third of all advice firms in the UK are considering offering simplified advice, a new survey by the UK's regulator, the Financial Conduct Authority (FCA), has found. Responding to the survey, a third of all firms, and three fifths of large firms, said they were considering this, following a consultation into the Advice/Guidance boundary by the FCA earlier this year. Simplified advice is a streamlined, lower-cost form of financial advice that…

Almost a third of firms considering simplified advice

Almost a third of firms are considering offering a form of simplified advice to clients, according to the FCA's latest adviser survey.