• has clarified when a personal recommendation is given as part of automated advice and shares examples to illustrate the point. • has sought to clarify the boundaries between different investment advice models as it launches a guidance consultation. • also spells out what advice can be issued through different media, including social media. The […]

When is a non-advised sale legitimately not advice? There are two alternatives to advice: non-advised and execution-only. In theory it is nice and simple: if you make a recommendation, you are giving advice and must jump through all the relevant regulatory hoops this entails; if you do not make a recommendation and either just give […]