The Financial Conduct Authority is expecting to have spent over £5.5m on its advice guidance boundary review by April 2026.

Half of advice firms are reviewing their client bases for potential segmentation ahead of the FCA’s Advice Guidance Boundary Review outcome, according to a new report.

Advisers have warned the FCA that its proposed introduction of targeted support under the Advice Guidance Boundary Review could cause significant consumer harm if the difference between guidance and advice is not more clearly defined.