McDermott: 'I wouldn't rule it out but we will not reverse RDR'
The Financial Conduct Authority (FCA) has said it will support a move of Pension Wise towards providing a more personalised service for its clients.
Acting Financial Conduct Authority (FCA) chief executive Tracey McDermott has ruled out stepping into the position full time.
TVA is wrong approach post-pension freedom
Industry needs to respond to market movements
Body wants to act more as 'facilitator'
The government has been urged to prioritise simpler guidance, more widespread advice and better retirement products to help people save for retirement, with robo-advice singled out as a possible solution.
The Financial Advice Market Review (FAMR) could herald the return of banks and product providers offering mass-market advice propositions, Sesame Bankhall Group (SBG) executive chairman John Cowan has said.