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...
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