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"In our view, in order to justify such a significant intervention, the bar should be significantly higher than you appear to have set it" - PIMFA's Simon Harrington.
The Personal Investment Management & Financial Advice Association (PIMFA) has asked the FCA to 'raise the bar' in its pursuit on contingent charging.
In July, the Financial Conduct Authority (FCA) began consulting on plans to ban contingent charging on defined benefit (DB) transfer advice. In consultation paper CP19/25, the regulator expressed concern...
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