PFS calls on financial planners to challenge FCA's advice perceptions

The professional body asked financial planners to share examples of where they have provided value to clients.  According to the regulator's consumer investment data review, an increase in transactional advice rather than ongoing advice is the best way to ensure investors take risks with part of their wealth to improve their financial resilience.  The FCA's conclusion is based on consumer research suggesting many were unaware how much they were paying for advice. The value of advice was assessed by looking at the performance of consumers' investments, which is distinct from the charge...