Pensions - Articles - FAMR - a step in the right direction says Fidelity

 Putting more thinking to a better definition of financial advice and creating clarity on what constitutes generic assistance and that of a personal recommendation is a great step forward. We are also pleased to see that more effort will be put into understanding the importance of automated advice models, the role of the employer in helping to engender a savings culture and a pensions dashboard.

 “There is still a lot of work needed to push forward on all of these elements and to understand how a new framework will be applied, so it is essential that Government, industry and the regulator work together to ensure that we make it a success. We look forward to continuing to help shape this important review and its outcomes, as well as contributing through our representation on the FAMR panel via Nicky McCabe.”