On October 12, 2015, the FCA and HM Treasury jointly published a call for input seeking views on how to radically improve access to financial advice for consumers. The FCA and HM Treasury also published a joint consultation on public financial guidance, which will consider how the government should structure and provide information that consumers may require to seek advice to make financial decisions. Both consultations form part of the Financial Advice Market Review, announced in August 2015, which is wide in scope and aims to analyze how financial advice could be better provided to consumers, considering the difficulties that consumers may face in seeking such advice. Comments on the call for input and consultation are due by December 22, 2015.
The call for input is available at: http://www.fca.org.uk/static/documents/famr-cfi.pdf and the consultation is available at: https://www.gov.uk/government/consultations/consultation-public-financial-guidance.
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