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, which also suggest a similar drop in non-advised transactions, come from the FCA's latest product sales data (PSD), which the regulator has published since 2006. The FCA's 2015 figures are based on sales in the first six months of the year, so the full-year figures are estimates only and could be markedly different, though data from previous years suggests sales remain at similar levels in H1...
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