FCA warns advisers to check their incentive schemes

Carmen Reichman
clock •

The Financial Conduct Authority (FCA) is stepping up efforts to clamp down on firms' financial incentives schemes in a bid to mitigate the risk of further mis-sellings of products.

The FCA said it expected firms to"consider carefully whether they have incentive schemes that increase the risk of mis-selling, review whether their governance and controls are adequate, and address any inadequacies" and would select firms for online assessment. The regulator published a One Minute Guide on its website to help firms prepare for assessment following its publication in January of a finalised guidance for self-assessment. It will notify selected firms and carry out some follow-up work with a number of the firms who are selected for the online assessment. The regulator...

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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Treasury Committee probes FCA leadership on whistleblower enquiry and Palantir relationship

Treasury Committee probes FCA leadership on whistleblower enquiry and Palantir relationship

Agentic AI a priority

Alex Sebastian
clock 13 October 2026 • 2 min read
FCA annual meeting dominated by whistleblower handling criticism

FCA annual meeting dominated by whistleblower handling criticism

After the death of Simon Andriesz

Alex Sebastian
clock 07 October 2026 • 3 min read
FCA secures money back for victims of £1.5m crypto fraud

FCA secures money back for victims of £1.5m crypto fraud

Obtains confiscation orders against Raymondip Bedi and Patrick Mavanga

Sophia Panayi
clock 28 September 2026 • 1 min read