FCA says adviser costs could halve as it simplifies rules for RMAR reporting

Laura Miller
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The Financial Conduct Authority (FCA) has confirmed changes to the way it collects data from advisers in order to simplify the process, including by allowing them to report charging data on either a cash received or accruals accounting basis.

The regulator said it expects the new streamlined approach to data collection to halve the industry's annual £2.6m reporting cost, though Phil Billingham of the Phil Billingham Partnership dismisse...

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