The Financial Conduct Authority (FCA) has warned about conflicts of interest and the value of advice as it identified a number of areas of focus within the retail investment sector for the coming year.
In its Sector Views paper, released alongside the regulator's Mission Statement and Business Plan 2017/18, the FCA said it had seen several issues with financial advice, which it planned to monitor going forward. It was concerned about investment advice suitability and the cost of advice as well as products being designed to suit advisers not the end investor, it said. "Some advisers may not pay enough attention to value for money when they make personal recommendations to consumers," it said. "Relatively few advisers are transparent about their pricing before they sell advice. This d...
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