FAMR progress report: The developments so far

The progress report was published alongside a FAMR guidance consultation, which warned about suitability in streamlined advice services and all-but ruled out introducing standardised fact finds.  FAMR launched in August 2015 in light of concerns that it was not working well for consumers and sought to figure out how the industry could stimulate the development of affordable and accessible financial advice. It issued 28 recommendations for further work by the regulator, Treasury and industry. Here are the ten key points to take away from the progress report… 1. The Financial Advi...