Advice firms still reliant on trail commission must adapt their business models "very quickly", warned one adviser, despite the Financial Conduct Authority (FCA) confirming it had "no immediate plans" to change its policy on it.
On Thursday morning, the FCA confirmed it had "no immediate plans" to change its policy on trail commission on share classes sold before the Retail Distribution Review (RDR), but said it was still considering...
Lost permissions two years ago
Advisers need to respond to FCA
Deadlines had been extended due to Covid-19
'Intellectually dishonest and... contrary to the law'
Systems, controls, governance and culture
7, 8 and 9 October
The chair of the Financial Conduct Authority (FCA) Charles Randell has promised to “transform” the regulator in the wake of three separate financial scandals, independent reviews of which are set to be completed soon and are expected to provide “difficult...
Diverging criteria often leads to confusion, experts warn
Annual public meeting