HM Treasury and the FCA have published their final report on the financial advice market review (FAMR). The report sets out the findings from the review, which has identified a clear need for intervention by regulators and the government to help both consumers and the industry benefit from new and more cost-effective ways of delivering high quality advice and guidance. The report sets out 28 recommendations intended to tackle the barriers to consumers hoping to access advice and focuses on three key areas: affordability, accessibility and liabilities and consumer redress. The FAMR was launched in August 2015 in the light of concerns that the UK market for financial advice was not working well for all consumers.