Mass market advice problem 'may not be solved' by FAMR

The FAMR, launched in August last year, is a joint Treasury and Financial Conduct Authority (FCA) investigation hoping to close the advice gap created when commission was banned from investment advice by the Retail Distribution Review. Zurich research, released before the official government response to FAMR scheduled to be released before the Budget on 16 March, found many advisers do want to see the industry restructured to better address the advice gap. The provider interviewed 74 advisers and found 23% want a remuneration structure which will help them cater for the mass market; 2...