Attitudes to ongoing fees look set to remain despite FCA push

It said, almost exactly a year ago, that such clustering was hindering the number of people who seek advice. In terms of price clustering, the watchdog admitted it can reflect a healthy market where competition drives advice services to specific price or quality points. However, the FCA added at the time its analysis indicated that ongoing services with a 1% annual adviser charge did not have noticeably different features to those charging 0.5% annually. Take part in this week's poll on DB transfers This was also the case for one-off advice offerings where services charging 3% did ...