What the FCA missed in its inducement paper

Carmen Reichman
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The Financial Conduct Authority (FCA) yesterday published the findings of a review into potential inducements between providers and advisers - but there are a few things the paper failed to mention, according to Threesixty.

Threesixty managing director Phil Young (pictured) said the FCA had done a good job uncovering some of the things that went on "under the radar" but had failed to grasp the entire spectrum. He said: "The more the FCA is closing in on some of these things the more things go under the counter a little bit, so people are just burying things a little bit deeper. "The paper the FCA did was very good because it actually got to the heart of quite a lot of the things. But they'll probably have to get an inside view from somebody on it along the line." Young said the FCA failed to tackle so...

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