On this week’s episode of The Pro Adviser Podcast, Hannah Godfrey talks to regulatory guru and former FCA man Rory Percival about the latest policy statement on a ban on contingent charging, and what advisers can take away from the material.
Percival, who worked at the Financial Conduct Authority (FCA) for ten years before setting up his own consultancy firm, tells listeners he was "disappointed" to hear record keeping continues to be problematic in the adviser market when it comes to adviseing on defined benefit (DB) transfers. The regulatory expert points out failing to properly record keep could mean advisers are breaching COBS rules, and even those firms that believe they are the "good guys" often get it wrong. Away from DB transfers, Percival reckons the next big issue on the regulator's agenda is retirement income a...
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