Top five challenges to affect UK advisers in 2016
By , 23 Dec 15
Clapton Consultants, a chartered accountancy practice supporting small IFAs, gives its view of the top five challenges facing the sector in 2016.
2. Financial advice markets review (FAMR)
The FAMR has been introduced to explore whether or not there is an advice gap for those who feel they cannot access financial advice or do not value it. Alternatives such as Guidance, Robo-advice and D2C solutions will present significant competitive challenges particularly when targeting younger clients, while continuing regulatory complexity adds to business costs.
Tags: Wealth Management
