With the FCA recently issuing a progress report on how FAMR is shaping up since its inception in August 2015, Aileen Lynch summarises five points that are likely to be of big interest to advisers
Since its inception back in August 2015, the Financial Advice Market Review (FAMR) has been a hot topic of conversation among the financial services community. At its heart, the review held an objective we could universally get behind - to improve the way in which the industry worked for consumers. The key words in the regulator's statement on FAMR - and ones you will see coming up again and again in reference to the review - are ‘affordability' and ‘accessibility'. In essence, the FCA wants to ensure there is a wide range of ways through which high-quality advice is available to cons...
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