The Financial Conduct Authority (FCA) has revealed it is considering whether to implement a ban on contingent charging for pension transfer advice.
In its consultation paper on ‘Improving the quality of pension transfer advice', the FCA said: "Given the potential harm to consumers, we are considering if it is necessary to intervene in the way charges...
Maximum 30% of redress
Third Covid-19 resilience survey sent to advisers
Rise in clone scams
Managers plea for clarity over passporting rights
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams