Government opens consultation on amending definition of financial advice

clock • 3 min read

The government has opened its consultation on amending the UK definition of financial advice to give firms "the confidence to develop better and more tailored guidance services to help customers make informed financial decisions".

The consultation document, which was published today, sets out the background to the issue and seeks views on the potential costs and benefits of the change as well as the associated risks. The ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPR: Possible new DB offering for DC savers 'needs careful thought'

TPR: Possible new DB offering for DC savers 'needs careful thought'

Regulator considers if it can support Pension SuperHaven style solutions for DC savers

Jonathan Stapleton
clock 25 April 2024 • 3 min read
TPR publishes annual DB funding statement

TPR publishes annual DB funding statement

TPR offers three different strategies for schemes depending on funding levels

Jasmine Urquhart
clock 24 April 2024 • 4 min read
Court adjourns proceedings against former sports centre director

Court adjourns proceedings against former sports centre director

TPR prosecution against former director of 1066 Target Sports adjourned for ten weeks

Martin Richmond
clock 16 April 2024 • 1 min read
Trustpilot