KPMG comments on the FCA's Advice Guidance Boundary Review – proposals for closing the advice gap

Philip Deeks, Director, Regulatory Insight Centre, KPMG UK.

Philip Deeks, Director, Regulatory Insight Centre, KPMG UK.

Philip Deeks, Director, Regulatory Insight Centre, KPMG UK, said: 

“These bold proposals are exactly what's needed to help customers receive good outcomes. It's also an important step and will help many firms fully embed their obligations under the Consumer Duty.

“These proposals create a new simpler investment advice regime coupled with the more holistic restructuring of the advice guidance boundary to create a new ‘targeted support’ capability.

“There is also much welcomed additional clarity around how firms can nudge and guide customers to make informed decisions without overstepping into advice. However, whilst a promising start, however this develops, the FCA will need to ensure that there is certainty so firms can provide solutions that generate good outcomes for consumers and have an explicit understanding of how the regulator (and ombudsman) will view them.”




Media contact:

For further information please contact:

KPMG Media Relations

Gerard Swinley

M: +44 7510 375540



KPMG LLP, a UK limited liability partnership, operates from 20 offices across the UK with approximately 17,000 partners and staff. The UK firm recorded a revenue of £2.72 billion in the year ended 30 September 2022.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

You are receiving this email as a press contact of KPMG in the UK. Our privacy policy can be viewed at To opt-out of receiving our press releases please reply to this email and ask to 'unsubscribe'.

Connect with us

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.