FCA to survey adviser firms for RDR and FAMR review

57 responses to probe

Hannah Godfrey
clock • 2 min read

The FCA is set to survey a sample of financial adviser firms as part of the regulator's evaluation of the progress of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR).

The survey will be sent to a "sample" of businesses - the Financial Conduct Authority (FCA) did not say how many - to collect additional data about the industry. It will be sent at the beginning of August and firms will have until the end of September to complete it. On 1 May, the FCA published a call for input, asking for feedback on how it should approach its review on the RDR and the 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. In an update published on Mon...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA dismisses British Steel complaints after lengthy investigation

FCA dismisses British Steel complaints after lengthy investigation

Regulator acknowledges decision will be ‘disappointing’ for complainants

Jenna Brown
clock 22 April 2024 • 2 min read
Agile IT needed as rapid regulation change becomes the norm

Agile IT needed as rapid regulation change becomes the norm

'Gone are the lengthy consultation and rule-setting cycles that often took several years'

Paul Muir
clock 15 April 2024 • 6 min read
Leveling up the playing field when it comes to picking skilled persons

Leveling up the playing field when it comes to picking skilled persons

Given the prerequisite for accuracy, a rigorous selection process is essential

Richard Farr
clock 15 April 2024 • 4 min read