PFS asks Chancellor for FAMR II

The professional body said it has written to new Chancellor Rishi Sunak because FAMR recognised there was an advice gap that needed to be filled, but five years on many of the issues identified as limiting the supply of financial advice have remained unsolved, and in some cases have become worse. PFS chief executive Keith Richards said: "The government has already acknowledged that there is an advice gap and the public needs help in sorting out their financial future, which was why there was a FAMR. "We need a FAMR II because many of the problems identified by FAMR haven't been solved...