Commenting on the Financial Advice Market Review's Progress Report and Guidance Consultation, ABI Director of Regulation, Hugh Savill said:
“There is a long way to go before we can say that affordable and accessible financial advice and guidance is there for everyone at all stages of their lives. In view of the major changes to the British pension system, this is a key objective. We can only agree with the FCA that continued commitment and co-operation is needed if we are to achieve this goal. The current measured timetable envisaged for the FCA to produce its final requirements leaves firms very little time to get ready for the implementation of MiFID II in January next year.”