FCA urged to cut paperwork for IFAs to stop ‘information overload’

Resource Author:  Justin Cash
Resource Date:  09/25/2015
Resource Name:  Ccitywire
URL:   Link to Source Article or Site

The Financial Conduct Authority (FCA) has been urged to cut the volume of disclosures required for IFAs amid concerns that consumers are facing an ‘information overload.’

In its response to the FCA’s Smarter Consumer Communications discussion paper, the Association of Professional Financial Advisers (Apfa) also welcomed the regulator’s suggestion to develop a ‘layering’ approach to rules to indicate priority, as opposed to a current regulatory environment where ‘all rules are created equal.’