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

Instalment-based charging not commercially viable

Carmen Reichman
clock
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"....

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Advisers welcome FSCS levy bill cut to £213m

Advisers welcome FSCS levy bill cut to £213m

'We are not immune to the cost of living crisis'

clock 26 May 2022 • 3 min read
Karl Dines: "It is great to understand it, but we also need to apply it."

Karl Dines: Six key strategies for riding the Consumer Duty storm

Logical and practical methodology

Karl Dines
clock 25 May 2022 • 6 min read
Figures published in April1 showed the continued popularity of sustainable funds, with £1.8 billion pouring in, according to M&G

Third of UK investors turn to advisers for ESG support - M&G

'Lack of knowledge'

clock 25 May 2022 • 2 min read