Did RDR and FAMR cause 'unintended harm' to consumers, asks FCA

Review delayed two years

Hannah Godfrey
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"As well as looking at how the market has evolved since RDR and FAMR, it is important that our work looks ahead to see how we ensure this important sector works well in the future" - the FCA's Christopher Woolard
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"As well as looking at how the market has evolved since RDR and FAMR, it is important that our work looks ahead to see how we ensure this important sector works well in the future" - the FCA's Christopher Woolard

The Financial Conduct Authority (FCA) has asked for feedback from advice firms, intermediaries and consumers on both RDR and FAMR, some two years after it initially intended to do so.

On Wednesday (1 May 2019), the FCA published a call for input, asking for feedback on how it should approach its review on the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR)....

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