The Association of Professional Financial Advisers (APFA) has urged the regulator to re-consider reviewing the way it calculates the fees paid to it by advisers, after plans to overhaul the area were scrapped.
Responding to the Financial Conduct Authority's (FCA) consultation on regulated fees and levies out in March, APFA said it is "particularly pertinent" for the FCA to "explore the extent to which regulated advice can be made more affordable" following the changes to the pension system announced by the chancellor in his March Budget. The regulator first announced it was going to review the way it allocates fees to firms shortly after its inception last April. In early November, when the discussion paper was due to be published, it decided to delay its review. In its fees consultation...
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