FCA warns advisers on 'inappropriate influence' from introducers

Regulator is ‘very concerned'

Jenna Towler
clock • 2 min read

The regulator has warned advisers about the dangers of relying on introducers, saying it is "very concerned" about their "inappropriate influence" on investment decisions.

The Financial Conduct Authority (FCA) released a warning on the subject urging firms which accept business from an introducer or lead generator to make sure it meets regulatory requirements, highlighting specific problems it had identified with pension transfers into high-risk products. It said if customers are given unsuitable advice by an introducer, the authorised firm may be held responsible and subject to regulatory action. It added offering simplified advice would not help firms evade liability. The warning said: "We are very concerned at the increase we have seen in cases in wh...

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