FCA publishes streamlined advice guidance

FCA has published feedback on its consultation on guidance on streamlined advice and the fact find process. The guidance stems from two of the FAMR recommendations – and includes materials from existing guidance on adviser charging, complaints and redress, professional standards, appropriateness and discretionary investment management.

FCA has also consulted on other FAMR related matters, such as Handbook changes following the changes to the definition of advice on retail investments and guidance on personal recommendations. It plans also to bring together several relevant pieces of guidance together with guidance on the new Advice Unit.

On a related, but separate matter, FCA, with the Pensions Regulator, is publishing a guide for employers and trustees setting out what help they can give on financial matters without falling within the regulatory perimeter.

Emma Radmore