FCA begins a review of the Financial Advice Market

The FCA has launched a Call for Input asking for feedback on its proposed approach to reviewing the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR).

The FCA’s review will consider whether these initiatives have been successful in achieving their objectives. The review will look at what consumers want from the market and how the market works to deliver this. It will also consider how new market trends and developments might affect the future development of advice and guidance services.

The FCA is seeking initial feedback to the Call for Input by the 3 June 2019 and will hold several events, and collect further data through consumer research and surveying a sample of firms. The FCA intends to publish its final report in 2020.