Economic secretary to the Treasury Harriett Baldwin has urged advisers to respond to the Treasury and FCA's review of the advice market, the Financial Advice Market Review (FAMR).
The city minister told advisers at the Association of Professional Financial Advisers' (APFA) annual dinner in London on 24 November it is important to have advisers' views before the closing date for its call for industry input on 22 December. FAMR was launched by the Treasury and the Financial Conduct Authority (FCA) in August in an attempt to find ways to bridge the so-called 'advice gap' and broaden the reach of regulated advice. Industry consultations supporting the review opened in October focusing on robo-advice and free guidance provision. FAMR aims to figure out how advice...
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