Contingent charging ban won't ease conflict concerns - PA360 told

No preferred charging model

Hannah Godfrey
clock • 1 min read

Banning contingent charging will not solve existing concerns about conflicts of interest in financial advice and could end up doing more harm than good, Tom Hegarty warned delegates at PA360.

Speaking at Professional Adviser's flagship conference PA360 this afternoon (25 April), the director of The Advice Partnership from Prudential argued banning the adviser charging method could be detrimental to consumers. "The FCA has said there is an inherent conflict of interest when firms use contingent charging structures," Hegarty (pictured) said. "In my opinion, however, banning the use of contingent charging will not make any difference to conflicts of interests that already exist, and could have a detrimental effect on customers seeking advice who can't afford to pay a fee." Pr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Professional Adviser TV: Advisers' most asked questions

Professional Adviser TV: Advisers' most asked questions

With Clare Moffat and Sally Beresford

Professional Adviser
clock 10 October 2025 • 1 min read
IFAs see surge in client enquiries as Autumn Budget looms

IFAs see surge in client enquiries as Autumn Budget looms

Clients seeking changes ‘biggest challenge’ for more than two-thirds of advisers

Isabel Baxter
clock 10 October 2025 • 2 min read
Autumn Budget 2025: IFAs see surge in client enquiries ahead of Budget day

Autumn Budget 2025: IFAs see surge in client enquiries ahead of Budget day

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 10 October 2025 • 1 min read