FAMR progress report: The developments so far

Final progress report due in 2019

Victoria McKeever
clock • 4 min read

The Financial Conduct Authority (FCA) and the Treasury have published a Financial Advice Market Review (FAMR) progress report. Here are the top ten points you need to know…

The progress report was published alongside a FAMR guidance consultation, which warned about suitability in streamlined advice services and all-but ruled out introducing standardised fact finds.  FAMR launched in August 2015 in light of concerns that it was not working well for consumers and sought to figure out how the industry could stimulate the development of affordable and accessible financial advice. It issued 28 recommendations for further work by the regulator, Treasury and industry. Here are the ten key points to take away from the progress report… 1. The Financial Advi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

No naming without shaming? The FCA's transparency plans

No naming without shaming? The FCA's transparency plans

The impact of the FCA’s plans to name firms under investigation

Chris Croft
clock 27 March 2024 • 4 min read
FSCS declares three financial advisory firms in default

FSCS declares three financial advisory firms in default

Latest batch of failed firms revealed by lifeboat fund

Jenna Brown
clock 25 March 2024 • 1 min read
FCA commits to fast authorisations to boost finance sector

FCA commits to fast authorisations to boost finance sector

The regulator’s latest business plan highlights this focus

Sahar Nazir
clock 19 March 2024 • 1 min read