Regulation could be pushing people in unsuitable directions - FCA

'Channelling people to an advice approach'

Sophie King
clock • 4 min read

Regulations may be "channelling people to an advice approach they might not need", the Financial Conduct Authority (FCA) has acknowledged.

On Wednesday, the financial watchdog published a call for input, asking for feedback on how it should approach its review of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR). The report asked advisers to consider 24 questions - set out at the bottom of this article - based largely on consumer needs, the provision of advice, and guidance services and market changes. In an interview with FCA director of policy Nisha Arora, Professional Adviser specifically inquired into the paper's 15th question, which asks if there are points where the regulatory syste...

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