FAMR 'will lead to safe harbour products'

Carmen Reichman
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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.

Cowan said the FAMR is likely to bring forth ‘safe harbour' products to be distributed by banks and insurers. He said full regulated advice cost about £150 per hour and was too expensive for people...

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