FAMR implementation timeline 'inadequate', say advisers

Report is a tacit admission of 'RDR failure'

clock • 4 min read

The Financial Conduct Authority (FCA) released the Financial Advice Market Review (FAMR) with a bang this morning; but the industry's response has been mixed...

The FAMR - a joint Financial Conduct Authority (FCA) and Treasury project - has recommended a package of measures aiming to encourage consumer uptake and awareness of advice. New proposals such as the pensions dashboard and the nudge approach to financial management have been well received, but some say that the proposed timeline for the report is inadequate and that the report is a tacit admission that the Retail Distribution Review (RDR) has failed. Chapters Financial director Keith Churchouse (pictured) is one adviser arguing that the proposed timeline for assessment of the report'...

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 Regulation

FCA enforcement to become 'assertive, proactive and intrusive'

FCA enforcement to become 'assertive, proactive and intrusive'

‘You can expect the regulator to take robust action where needed’

Isabel Baxter
clock 29 February 2024 • 2 min read
FCA: 'Huge opportunity for firms to shape the advice sector'

FCA: 'Huge opportunity for firms to shape the advice sector'

Kate Blatchford-Hick calls on firms to embrace the regulator’s proposals

Sahar Nazir
clock 09 February 2024 • 2 min read
New era for workplace pension governance as TPR overhauls practices

New era for workplace pension governance as TPR overhauls practices

The regulator’s long-awaited general code of practice has been published

Hope Coumbe
clock 11 January 2024 • 1 min read