Advisers have had their say on the FCA’s review of the advice market, which was launched today.

The FCA has launched a review of the advice market, revealing a number concerns as one of the reasons for the action.

PFS membership has defied predictions and soared since the Retail Distribution Review to rise by 15,000 to nearly 40,000 - a record total, PFS chief executive Keith Richards has revealed in an exclusive interview with Financial Planning Today.

It is easy to forget that it has been over five years since the implementation of the then FSA’s Retail Distribution Review, or RDR for short, and indeed since their replacement by the now FCA’s regime in April 2013. So, is our world better five years on? I think the answer is very much a ‘yes’.