Harriett Baldwin tables 'personalised guidance' amendment
Treasury Committee chair Harriett Baldwin has tabled an amendment to the Financial Services and Markets Bill that could see the creation of a personalised financial guidance regime in the UK.
If the amendment passes it would allow guidance to be given to savers and investors appropriate to their personal circumstances. The guidance would not be considered regulated advice as long as the firm did not recommend a specific product or course of action.
AJ Bell said if accepted, the amendment …