FCA rejects calls for more guidance on inducement rules

The FCA told Professional Adviser's sister title Investment Week it will not revise finalised guidance issued in January, rejecting efforts from the Investment Management Association (IMA) to provide its members with more clarity around what is acceptable. The IMA had opened a formal consultation with members in response to January's 18-page document covering the FCA's stance on inducements. The document outlined a number of practices it wants to see quashed as it continues the work the FCA started with the Retail Distribution Review (RDR). The IMA, however, wanted more specific ex...