Responding to the FCA’s call for input on its proposed approach to reviewing the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) Hugh Savill, Director of Regulation at the ABI, said:
“Financial advice can help people make the most of their retirement, but at the moment the market is not working for the majority of consumers. The measures proposed in the Financial Advice Market Review were supposed to lower costs and narrow the advice gap, but this has not materialised in reality. We welcome today’s Call for Input and look forward to engaging comprehensively on this important issue.”