HM Treasury (HMT)and the Financial Conduct Authority (FCA) recently published the final report of the Financial Advice Market Review (FAMR). The aim of FAMR is to support the development of a market which "provides affordable and accessible financial advice and guidance for everyone, at all stages in their lives". FAMR found that, at the moment, there is a significant proportion of the population that would benefit from advice that is not currently receiving it. This has been called the “advice gap”.
Please click here to read the article in full.
If you require further information on anything covered in this briefing please contact Grania Baird (firstname.lastname@example.org; +44 (0) 203 375 7443); Fiona Lowrie (email@example.com; +44(0)203 375 7232), or your usual contact at the firm on 020 3375 7000.
This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.
© Farrer & Co LLP, April 2016