FCA warns firms on 'self-defeating' transactions

Carmen Reichman
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The Financial Conduct Authority (FCA) is reminding advisory businesses to beware "self-defeating transactions" when totting up the total charges clients are being asked to pay.

It is telling firms to pay particular attention to the level of adviser charge and of the costs of 'related services', such as referrals to discretionary fund managers, in a series of roadshows organised...

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