On 1 December, the N2 provision of the Financial Services and Markets Act 2000 comes into force, empowering the Financial Services Authority (FSA) as regulator for all mainstream financial advice.
Solicitors, currently under the umbrella of Law Society regulation, are no exception. With £3.7bn invested through the members of the Association of Solicitor Investment Managers last year, it begs the question how N2 will affect solicitors, and whether this will sound the death knell for solicitor investment advice.
