We shouldn't have been surprised when 2015 had news of another big event for our industry, and we can make some educated guesses about what the Financial Advice market Review (FAMR) will cause, writes David Thompson...
So 2013 saw the implementation of the Retail Distribution Review (RDR) - the biggest review of the financial services industry in a lifetime. Then 2014 was all about ‘that' Budget and the biggest change to pensions we'd seen in a hundred years. So, were we really that surprised when 2015 had news of another big event for our industry? One of the unintended consequences of the RDR was to alienate the mass market from the advice process. And so a review of the financial advice market - the Financial Advice Market Review - was to be expected - and is long overdue. The question i...
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