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

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). In its report, the regulator asked people to answer 24 questions, based largely on consumer needs, the provision of advice, and guidance services and market changes. Examples of questions listed in the document included ‘what emerging risks to consumers do you see in the market?' and ‘did FAMR or the RDR result in unintended consequences that have caused consumer harm?' The FCA ...