The Financial Conduct Authority (FCA) is not seeking to pile more pressure on adviser firms already under financial strain by investigating payments they may receive from providers, its director responsible for supervising advisers said.
Nick Poyntz-Wright (pictured) said the regulator was aware of the "pressure some firms are under" financially, but that boards needed to be mindful of how they looked to plug gaps in their income streams....
From August next year
Steps down from board on 1 October
Will shape future regulatory work
170 regulated firms
252 firms pulled out
Completes legal process
Scepticism towards companies' commitments
GDP falls 2.6% in November
Financial wellbeing junkies