What advisers should look out for in 2020
By Robbie Lawther, 2 Jan 20
Aegon’s Steven Cameron shares his views about what the sector can expect from the FCA in the next year
To find out more click on the slides below
Regulation
Cameron also said that the Retail Distribution Review (RDR) and the Financial Advice Market Review (Famr) was high on the agenda for the FCA this year.
“In early 2020, we’re also expecting the delayed feedback on the vitally important review of the effectiveness of the Retail Distribution Review and the Financial Advice Market Review,” he said.
“Together, the RDR and Famr helped create an adviser industry which is at its strongest and most professional, but there’s always scope to improve regulation.
“Famr looked not just at how to make advice more available, but also at the role of guidance, where a clearer definition could open up new opportunities for adviser firms to extend their services.”
Cameron also spoke about the investment platform market study
“The FCA has also promised a consultation on platform exit fees in Q1,” he added.
“While most platforms don’t have these, any which remain are seen as a barrier to transferring between platforms.
“One challenge will be how to define what is a platform- rather than a product exit fee.”
