The FSA Guide to Financial Advice

This booklet explains what financial advice is, and it will help you to choose the right advice.

Financial advice is the help given to you when a financial adviser considers your financial needs, and recommends products to meet them. The FSA regulates financial advice for most types of investments, mortgages, and general or protection insurance.

Firms must be authorised by the FSA to advise on the financial products listed in the guide. It also lists the main products that firms can advise on without being authorised.

You should also consider carefully after establishing the adviser is regulated and legally advise you if they are independent or are representing a single or a limited group of Insurance and investment providers.

Take care - not everyone who calls themselves a financial adviser is authorised to give financial advice in the UK. Some advisers may be authorised in foreign countries, some may be operating illegally and some may even be fraudsters.

Please download the file here.

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