A total ban on contingent charging is unlikely as it might not work well for consumers, Personal Financial Society (PFS) chief executive Keith Richards told Professional Adviser.
The PFS chief pointed out contingent charging gives consumers an effective way to pay advice fees. "Contingent charging was in the regulator's sights prior to the implementation of the Retail Distribution...
Systems, controls, governance and culture
Following more reviews
Beyond the FCA's seven considerations
18% year-on-year decrease
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%