Ten ways the FCA is framing the advice gap debate

As the FCA moves into the the next phase of the Financial Advice Market Review (FAMR), Professional Adviser takes a look at how it's going to approach the key issues. 1 The end goal When consumers take advice it is a step towards addressing a financial need. Therefore consumers are more likely to focus on the end goal of a good financial outcome rather than the intermediate service of advice itself. 2 Value Advice is something that by its nature is often difficult for consumers to assess in terms of quality and value, both before and after purchase. The value of financial advice m...