Vinay Jayaram: The FCA's 'review of reviews' could transform advice

Opportunity must not be missed

clock • 6 min read

If the FCA were to use its current call for input on the RDR and FAMR to usher in a more open approach to advice in a way clients can really understand, argues Vinay Jayaram, it would be a hugely significant move

At the start of this month, the Financial Conduct Authority published a call for input to help it evaluate the progress of both the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR). Advisers, fund houses, platforms and providers will all be well aware of the impact of these two initiatives. The RDR shook up business models and saw some advisers exit the industry while the FAMR, with which we engaged extensively, sought to narrow the advice gap, coming up with some tweaks to wordings of definitions, talking up the ‘regulatory sandbox' and creating some ‘basel...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA urges principal firms to check PII cover

FCA urges principal firms to check PII cover

Regulator finds 10% of sampled firms may not have adequate cover in place

Isabel Baxter
clock 28 February 2025 • 1 min read
FCA to undertake MPS Consumer Duty review

FCA to undertake MPS Consumer Duty review

Regulator recognises the sector has been ‘growing at pace’

Isabel Baxter
clock 26 February 2025 • 2 min read
FCA ongoing services wish lists: 'Advice shouldn't be like a car tax reminder'

FCA ongoing services wish lists: 'Advice shouldn't be like a car tax reminder'

FCA urged to adopt a 'more principled and realistic approach'

Jen Frost
clock 25 February 2025 • 3 min read