FCA warns of 'significant price clustering' and homes in on ongoing advice services

90% given ongoing advice

It said that while there has been some innovation in the advice market, it still has not been able to attract a large number of consumers.
It said that while there has been some innovation in the advice market, it still has not been able to attract a large number of consumers.
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The Financial Conduct Authority (FCA) has said there is significant clustering around certain service types and price points that it is having an impact on the amount of people who seek advice.

In its evaluation of the impact of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) published on Thursday (3 December), the FCA examined why consumers might not seek to...

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