Armchair Critic: FAMR recommendations under the spotlight

The Financial Conduct Authority and Treasury-led Financial Advice Market Review (FAMR) acknowledges that "a number of factors, including the significant costs of providing face-to-face advice, mean that it may not be economical for firms to serve consumers with lower amounts to invest or with simple needs". The "problem" is that advice is rigorous, controlled and expensive and my reading of this report is, while there are some things here that would certainly help the adviser market, the focus is on narrowing the advice gap by improving the availability of non-advice in its many guises, ...