The FCA is now reviewing responses on its proposals published as part of the Advice Guidance Boundary Review set up by the regulator with the Treasury.

The ABI, the trade body for insurance and long-term savings providers, has urged the FCA to include pensions decumulation in its proposed 'simplified advice' rules.

The FCA has provided more details of what its ‘simplified advice’ or financial guidance proposals may look like if implemented.

A new simplified advice service to be launched by Intelliflo will be “a form of robo-advice” for advisers.