Regulatory AlertsCP22/24: Broadening access to financial advice for mainstream investments
The Financial Conduct Authority proposes a new core investment advice regime to help mass-market consumers with straightforward needs invest excess cash savings into stocks and shares ISAs. The proposal streamlines regulatory requirements by reducing adviser qualification levels, limiting recommendations to mainstream products, and allowing flexible payment structures to lower costs. This initiative aims to reduce the number of consumers holding significant cash reserves by making professional advice more accessible and commercially viable for firms.
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