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What is a financial service?

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Some examples of common financial services are:

  • providing financial advice (including financial planning)
    Read more on the Financial Markets Authority website
  • mortgages, saving and cheque accounts, and loans – services your bank, building society or credit union may offer
  • insurance – including life, health, home/contents, and vehicle
  • money management and/or advice
  • investment management and/or advice
  • consumer loans and credit – such as a retailer selling an item on credit or providing a cash loan
  • foreign currency exchanges – whether buying or selling
  • money transfers.


The legal definition of financial services is provided in section 5 of the Financial Service Providers (Registration and Dispute Resolution) Act 2008

Section 5 Financial Service Providers (Registration and Dispute Resolution) Act 2008.


Related links

Who must register as a financial service provider?

Licensed market services

Authorisation of financial advisers

Code Committee for Financial Advisers


Last updated 8 April 2016