FCA issues fresh warning to advisers over total cost of investments

In its Business Plan for 2017/18 published on 18 April, the regulator said advisers "may give insufficient attention to the total cost of investment products and of advice", which it argued could result in poor value for money for their clients. Speaking at the regulator's presentation of the plan, FCA director of strategy and competition Christopher Woolard (pictured) said the FCA had detected issues during its asset management study that looked at the value consumers receive through the whole retail investment value chain, including platform and advice costs. He said: "What we have ...