'FAMR will be highly significant': SimplyBiz
13 Jan 2016
Matt Timmins, joint managing director of SimplyBiz Group, has predicted that the implications of the Financial Advice Market Review will be as far-reaching as those of the Retail Distribution Review.
In October, as part of the FAMR, the FCA and the Treasury launched an input paper giving advisers until 22 December to explain what put them off offering advice.
Mr Timmins said that he was fairly optimistic that the FAMR would seek to address the cost of regulation for advisers.
He pointed out that this was much-needed as advisers suffered a regulatory double whammy in 2015; in addition to a growth in requirements, there was also a growth in regulatory costs.