Advised sales set to slump after bumper 2014 - FCA data

Drop is similar in non-advised arena as annuity sales slide

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Investment and protection sales by advisers are on track to be lower than each of the last three years, according to the latest figures from the Financial Conduct Authority (FCA).

The total number of advised sales in retail investment and pure protection for 2015 is forecast to reach about 1.4 million, almost 20% lower than the 1.73 million recorded last year. The figures...

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