Ten ways the FCA is framing the advice gap debate

The FCA has outlined its approach to the advice gap debate

Laura Miller
clock

The Financial Conduct Authority (FCA) wants to hear from the industry on how to "radically improve access to financial advice". Here are the ten ways it is framing that 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...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Why FCA scrutiny of consolidator integration is growing

Why FCA scrutiny of consolidator integration is growing

A shift from acquisition strategy to integration capability

Isabel Baxter
clock 20 May 2026 • 6 min read
Confidence among advisers 'extremely high' as profession thrives

Confidence among advisers 'extremely high' as profession thrives

Annual advice profession snapshot from Dynamic Planner

Jenna Brown
clock 20 May 2026 • 3 min read
Ex-minister Nicky Morgan looks to set up inquiry into women's financial resilience

Ex-minister Nicky Morgan looks to set up inquiry into women's financial resilience

‘Financial vulnerability is a predominantly female experience’

Sophia Panayi
clock 20 May 2026 • 1 min read