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Pimfa: Why simplified advice needs to feature in FCA handbook
FTAdviser Podcast
English - August 30, 2022 10:00 - 20 minutes - 28.5 MBInvesting Business News Business News ftadviser ftadviser podcast the ftadviser podcast financial advice financial advisers financial advisors pensions investing investment portfolios regulation Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 'It's not the time for one-way bets'
Next Episode: How will consumer duty affect advisers' day-to-day role?
There is no scope to water down advice but if the industry wants to be able to serve the 15mn people who need advice but don't get it, change is needed, says Simon Harrington.
The head of public affairs at the adviser trade body says what is currently possible is rooted in 'handbook guidance', rather than the handbook itself, which makes it risky for advisers to experiment with simpler models. To find out how exactly Pimfa's simplified advice would work, and what are the chances of pushing it through the legislative and regulatory bodies, tune in to this week's FTAdviser In Focus podcast.
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