Too many regulatory requirements around what charges need to be disclosed on investment and savings products make it difficult for advisers to assess and compare the cost of products, Financial Conduct Authority (FCA) technical specialist Rory Percival has said.
He said he did not want to blame regulators, but regulation coming from Europe has made charges confusing for advisers and clients alike. Percival (pictured) said the FCA is currently reviewing the effectiveness of disclosure across the financial services market. He was speaking at the annual conference of the Centre for the Public Understanding of Finance, which is sponsored by financial services firm True Potential. Percival said: "A lot of the disclosure requirements are sourced from Europe. I'm not blaming Europe but that is the fact of the matter. We have one regime for funds,...
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