Call for Evidence: Financial Conduct Authority

The Financial Conduct Authority has published a call for evidence on what interested parties think the impact of the recent Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) has been on the customer outcomes of financial advice and guidance.

The initial aim of the RDR (which took effect 2012) was to establish a more resilient, effective and attractive retail investment market that consumers had confidence in and trusted. FAMR meanwhile (introduced in 2015), set to identify ways the UK’s financial advice market work could better for consumers.

Evidence is requested from:

* Consumers and representative consumer bodies

* Firms, professional associations and trade bodies that work in retail financial services

* Businesses which support those firms, including consultants and IT suppliers

Initial evidence is required by 3^rd June 2019, with a final report anticipated in 2020.