Referral incentive may end

Financial incentives for accountants, solicitors and actuaries to refer clients to IFAs may be squeezed out under the FSA's proposals on the future regulation of professional firms carrying on investment business. Concern was raised after the publication of FSA consultation paper 30 (CP30). The paper suggests allowing certain professional firms, which conduct investment business that is incidental to their core activities, to be exempt from FSA regulation and remain under the regulation of their authorised trade bodies. The FSA received over 220 responses to its proposals, which includ...