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...
17% increase on last year
From December 2020 to March 2021
Extended to 31 March 2021 for solo-regulated firms
'Substantial lessening' of competition
252 firms pulled out
Go alone for follow the crowd?
Once-in-a-lifetime out, necessities in