Financial incentives for accountants, solicitors and actuaries to refer clients to IFAs may be squee...
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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes