Tracey McDermott spoke on the regulation of advice following FCA and Treasury’s Financial Advice Market Review (FAMR). She noted the high level of engagement with the review and looked at recent changes to the financial landscape to emphasise the importance of having a market that provides affordable advice and guidance for everyone. She also examined each of the FAMR’s main areas for development: affordability, accessibility and engagement, and liabilities and consumer redress. She outlined some of the milestones established for FCA and Treasury to deliver the FAMR objectives, announced that the new Advice Unit, open to firms of all sizes, will be open for business from May, and that FCA is now beginning work on the FSCS funding review. (Source: FCA discusses advice regulation)
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