Anniversary of Edinburgh Reforms marks further progress

Further changes to financial services are announced in commemoration of the one-year anniversary of the Edinburgh Reforms (eventid=18802). Over the past year, the government has delivered 22 out of 31 reforms, emphasizing the UK’s dedication to creating an innovative and competitive global financial center. The reforms include overhauling regulation of prospectuses, enhancing investor information, and taking advantage of regulatory freedoms post-Brexit. A two-day trip to Scotland marks this milestone, featuring the inaugural Scottish-London Financial Services Forum and meetings with financial institutions.
One key proposal is to bridge the ‚advice gap‘ in financial decision-making support by offering affordable solutions for consumers with modest investments. Additionally, the government and Financial Conduct Authority (FCA) have outlined initial reform proposals as part of the Advice Guidance Boundary Review. The response to the Call for Proposals includes new metrics from regulators, supporting scrutiny of their work.
The Economic Secretary expressed commitment to delivering the Edinburgh Reforms, positioning the UK as the world’s best place for business growth. The Chancellor’s recent Autumn Statement (eventid=24258) announced further advancements in the reforms, reinforcing the government’s dedication to economic growth and a robust regulatory environment.