Financial Advice Market Review HM Treasury & Financial Conduct Authority

We welcome this opportunity to respond to the Financial Conduct Authority and HM Treasury consultation on the financial advice market. We are also pleased to see the consultation address advice in the round, as opposed to a narrower ‘regulated advice’ definition which many in the industry typically limit debate to. When consumers seek advice, they do not make the same assumptions around regulated boundaries and liability as industry insiders and we should all take this into account to ensure discussion is more relevant to the target market.