Britain's relationship with Europe is a touchy subject at the moment, with the upcoming referendum on a Brexit. But the streets of Amsterdam offer a lesson to UK regulator's, as they saddle up for the Financial Advice Market Review...
I've recently returned from a late summer break in Amsterdam where it rained persistently for five days. Before I left, the main news was the FCA and Treasury financial advice market review (FAMR), due to be completed before the 2016 Budget. Thinking on what the review team will consider, it is interesting to compare the British Isles' model of financial advice with that of continental Europe, where independent financial advice has been about as rare as hen's teeth. Borderlines In the life insurance world, the UK model has historically adopted the ‘appointed actuary' approach, ...
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