A further review of the funding model for the Financial Services Compensation Scheme (FSCS) - scheduled to begin later this year - will focus on making the system fairer for IFAs, the Financial Conduct Authority (FCA) told MPs today.
The Financial Inclusion Centre has called for the establishment of a funded national advice network to help bridge the advice gap.
'Don't ignore it' message unlikely to engage target demographic, critics suggest
Regulator 'encouraged' by adviser firms' response but fears potential for bias remains in some firms
People complained about products and advice
An unregulated activity 'should not be part of any regulatory body's remit', adviser body says
Adviser network Intrinsic CEO Richard Freeman has been named on an expert panel overseeing a joint Treasury and Financial Conduct Authority (FCA) review of consumer access to financial advice.
Performance management - rewarding staff beyond their salaries - remains area of contention
Citizens Advice identifies not one, but four advice 'gaps'
The Financial Conduct Authority (FCA) and Treasury are looking at income and wealth thresholds to see where they should focus their advice gap review.