The advice sector has many reasons to be optimistic about the progress made by the Financial Advice Market Review (FAMR), Personal Finance Society (PFS) chief executive Keith Richards has said.
Richards felt confident the Financial Conduct Authority (FCA) and Treasury were on the right track to reaching their goal of closing the advice gap and making financial advice more accessible to the public. On 11 April the FCA and Treasury published their first progress report on FAMR, outlining the main steps taken in the 13 months following its initial publication. Many advisers were critical of FAMR's implementation timeline when it was published last March, with some labelling it inadequate and others claiming it was unrealistic. But Richards (pictured) said he had felt "hearte...
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