Financial Advice Market Review

FAMR and Advice Services

Just before the Budget was announced, the Final Report of the Financial Advice Market Review (FAMR) was published. That Review was the latest examination of the financial advice market. To put it in some historic perspective, the Retail Distribution Review (RDR) was introduced to improve the quality of financial advice provided and remove obvious bias. So financial advisors had to stop bundling, and effectively hiding, the cost of advice when selling financial products but had to declare it. This certainly improved the ...
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