FAMR and RDR review: Six takeaway points from the FCA's report

Advice for £250, please

Sophie King
clock • 4 min read

The Financial Conduct Authority (FCA) published its Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) on Thursday morning (3 December). So you don't have to go trawling through the paper yourselves, Profesional Adviser's Sophie King has put the main points together for you...

Just £250 for your service, adviser One snippet of the report advisers might find a tad shocking is the amount at which consumers are willing to pay for advice. Respondents were asked to think about how much they would pay for regulated advice on one of three different amounts: £10,000 invested, £25,000 invested or £50,000 invested. Of those who would be willing to pay for advice, the majority said they would want to pay less than 1% of the value of the investible assets. In pounds and pence, this equates to no more than £100 on a £10,000 investment, £250 on a £25,000 investment and £5...

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