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...
Industry to pay more still
Stopped suitability of advice work
Freedom of information request
£970,000 lost already
Revisiting the portfolio debate
Health and wellbeing focus
'Shortcut to rationality'
Could cost £158m