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ABI responds to financial advice consultation

The FCA and HM Treasury have launched a joint consultation to explore what can be done to improve customers’ access to financial advice.

Responding to the announcement, Hugh Savill, Director of Regulation at the ABI, said:

Hugh Savill"The new pension freedoms, which are designed to give people more options at retirement, have highlighted how important it is that financial services firms are able to offer consumers the support they need, in a way that suits their individual circumstances.

"It’s good to see all forms of information and guidance will be considered by this wide-ranging review, which the ABI has wanted to see for some time. In particular the potential role of technology must be looked at, alongside the implications of future regulatory and legislative change."

Last updated 01/07/2016