The FCA has published, jointly with HM Treasury, a Call for Inputs on issues that will be considered as part of the Financial Advice Market Review (FAMR), which was launched in August 2015 to examine how financial advice could work better for consumers.
The Call for Inputs focuses on the following questions:
- what kind of financial advice do consumers want?;
- are there gaps between the financial advice that consumers want, and the financial advice that they can access and afford?;
- how can these gaps be closed?; and
- what role could technology, such as “robo-advice”, play in improving access to financial advice?
The deadline for responses to the Call for Inputs is 22 December 2015. Following consideration of the feedback, the FCA intends to publish recommendations in time for Budget 2016.
View Views sought to radically improve access to financial advice, 12 October 2015