A Guide to FCA Retail Distribution Review & the Financial Advice Market Review

Introduction

The FCA produced an in-depth evaluation of the Retail Distribution Review (‘RDR’) and the Financial Advice Market Review (‘FAMR’) in 2020.

Understanding the background to the RDR, along with the findings of the evaluation, and the ‘next steps’ is essential for firms to gain valuable insight into the ethos of the FCA and the financial services industry in general.

Understanding how the contents of the Retail Distribution Review and the Financial Advice Market Review relate to a firm is an essential part of ensuring a business is healthy; the culture of a firm is on the right track, and its clients are being treated fairly.

This new virtual classroom seminar will cover everything a firm needs to know about the FCA’s evaluation of the Retail Distribution Review and the Financial Advice Market Review.

Understanding more about the Retail Distribution Review and the Financial Advice Market Review will provide a firm with a robust basis on which to evidence it’s adhering to the rules and working to improve the effectiveness of its business.

Consumer Duty is focusing the industry further into evidencing that the regulated firm is doing all they can to act in the clients’ best interest - illustrating clear monitoring, analysis and evaluation of your firm’s processes is a key tool in the Duty.

The content of the session is suitable for FCA authorised companies (business owners, supervisors and managers of advisors, senior managers, ‘heads of’ and managers of compliance, internal audit, and risk), and those wanting to create best practice within their firm.

What You Will Learn

This live and interactive course will cover the following:

• Understanding the Retail Distribution Review and the Financial Advice Market Review
• How to incorporate this information into your firm’s processes
• The importance of evidencing your understanding of FCA regulation
• How to ensure that clients are treated fairly
• The ethos of Consumer Duty
• How to do the right thing by your clients and your business

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.