Industry will be given the opportunity to feed back through this policy paper, which will help inform and shape future policy developments, with the aim of developing more commercially viable propositions to broaden access to regulated financial advice.
Given all of the information above, the regulatory horizon may seem daunting, especially with the requirements of the consumer duty now in place, but keeping informed of what is happening next and how it impacts you will certainly give you an advantage for the rest of 2023 and beyond.
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Paul Bruns and Alexander McGregor are compliance director and head of policy at Simplybiz
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