FAMR: FCA rules out adviser long-stop
FAMR explored mass-market access to advice
The Financial Conduct Authority (FCA) has ruled out putting in place a long-stop for adviser liability after concluding it could unfairly impact consumers who bought long-term products.
The regulator said in its Financial Advice Market Review (FAMR) - a joint project with the Treasury - it will not put a 15-year break on the time in which complaints can be brought about advice. It...
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