FCA warns of ongoing advice incentive ahead of consolidation
Ongoing fee structure
FCA: "Ongoing charging models for advice, especially in retirement, could lead to unsuitable choices."
Consolidators focusing on ongoing revenue streams could incentivise advisers to needlessly recommend products with an ongoing advice requirement, the Financial Conduct Authority (FCA) has warned.
In the FCA's latest sector views statement, published on Tuesday (18 February), the financial watchdog raised concerns about advisers being incentivised to recommend products with an ongoing advice requirement...
More on Regulation
Andy Bell writes to new FCA chief over 'wrecking ball' investment pathways policy
‘Fundamentally flawed’
Independent report into FCA's regulation of LCF faces further delay
Delayed until late November
Small adviser firms paying disproportionately high PI premiums - FCA data
17% increase on last year
FCA consults on extending Directory information submission timeframe
From December 2020 to March 2021
Back to Top
More news
Brunel Professions launches PI insurance website offering 'seamless transactions'
Completion in 3 minutes
Schroders UK Platform Awards 2021 open for entries
21 September
FCA begins work on open-ended long term asset funds
Retail investors set to be restricted initially
Partner Insight: Are investor biases to blame for market lows and highs?
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers
