As 2016 draws to a close, Professional Adviser looks back at three defining moments over the year that have changed financial advice forever - or at least until the next round of proposed changes from the powers that be...
FAMR The Financial Advice Market Review (FAMR) has seen the biggest shake-up for the advice sector since the Retail Distribution Review (RDR) four years ago and could easily provide enough material for this article by itself. The joint review from HM Treasury and the Financial Conduct Authority (FCA) was also the first all-encompassing assessment of financial advice since RDR and concluded with 28 recommendations the industry, regulator and government should exercise to improve the market. A handful of these recommendations have made a lot more headlines than the rest. The FCA's sup...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
