Distribution Technology's Ben Goss: 'FAMR will fundamentally reform the industry'

Up until now FAMR has been scorned by many in the industry who are not providers, who criticised its lack of tangible action and summed it up as a ‘missed opportunity'. But Ben Goss (pictured) said FAMR was anything but a failure to reform the advice space. He lauded the report as being the "last piece in the jigsaw" where technology, consumer need and regulation finally meet and work together to transform the industry. Key measures at the heart of FAMR were a call to set out the boundaries between guidance and advice, and a commitment to clarify how advisers can give ‘streamlined adv...