FCA proposes new simplified investment advice regime

The FCA proposed a simplified ‘core investment advice’ regime in CP22-24 on 30 November 2022, to increase mass-market consumer access to investment advice.  The proposals will see reduced compliance burdens for firms who offer advice on stocks and shares ISAs. 

Firms who chose to engage with the new regime could see reduced qualification and suitability requirements for the limited investments offered under the new core investment advice regime, in addition to more flexibility on charging models.

Download this At a glance to see our summary of the FCA’s report, and its potential implications for firms.