FCA has called for feedback on its planned approach to reviewing the RDR and FAMR. The purpose of the review is to find out whether the two initiatives have succeeded in their objectives, focussing on what consumers want from the market and how it delivers it.
FCA notes the market has evolved considerably since the respective reviews, and wants to assess how the markets are likely to evolve in the future, and the ongoing ability of advice and guidance services to meet consumer needs. FCA now wants to assess the initiatives against their outcomes and indicators and see how well the market is meeting and can continue to meet consumer needs.
This initial work calls for input by 3 June. FCA plans to hold several events and collect further data with a view to publishing its final report next year.