Advisers shun FAMR's 'pointless' call to action on charging flexibility

Instalment-based charging not commercially viable

Carmen Reichman
Advisers shun FAMR's 'pointless' call to action on charging flexibility

Advisers have shunned the Financial Advice Market Review's (FAMR) call for greater awareness around the flexibility of adviser charging, calling the recommendation ‘pointless' and commercially unsound.

FAMR's recommendation 15 - one of 28 calls to action - said the regulator should "take steps to help ensure that firms and advisers are aware of the existing flexibility in the rules on adviser charging"....

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