The FCA proposes limited rule adjustments and opens a discussion on trail commission as part of its final phase to reshape the UK advice landscape.
The Financial Conduct Authority (FCA) of UK has outlined proposals intended to broaden public access to individual financial advice, noting that many people currently lack support when making significant financial decisions. The proposal sets out a consultation on measures designed to make it easier for firms to provide simplified forms of advice, particularly for consumers with straightforward needs. According to the FCA, simplified advice can be offered without a full assessment of a client&r