The Personal Investment Management & Financial Advice Association (Pimfa), the UK trade association for investment managers and financial advisers, has submitted their response to the Financial Conduct Authority's (FCA) call for input for the evaluation of the Retail Distribution Review (RDR) and the Financial Advice Market Review (Famr).
The response stated that the regulator must do more to ensure financial service offerings are keeping up with ever-shifting consumer needs, technological advancements and social norms. ‘There is a clear and obvious benefit in the use of financial advice,’ said Simon Harrington ( pictured ), senior policy adviser at Pimfa. ‘People who access it receive better outcomes than those who do not. It is, therefore, a source of some concern that such a small proportion of the UK popula
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