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Advisers split on desire and ability to expand: research

The findings have been fed into the Treasury and Financial Conduct Authority’s FAMR consultation, with earlier work, carried out as soon as the terms of reference were published, showing that advisers wanted change on things like costs and levies.

“The jury’s still out on what to do about the adviser gap, but many say they would expand their offering if there was more certainty about the course of regulation and liabilities in the future,” commented Mr Llewellyn at the time.