Intelligent compromise the solution to contingent charging dilemma

Damned if you do ...

Hannah Godfrey
clock • 5 min read

As Parliament's Work and Pensions Select Committee (WPSC) sets about revisiting a question the FCA has already posed and the committee has already answered, Hannah Godfrey assesses the future for contingent charging

Is contingent charging the financial advice sector's Brexit? Certainly it is a topic that drifted into the spotlight, was talked about for a while and was then, seemingly, put to bed. Out of nowhere, however, we seem to be having a second go at it. Contingent charging is now receiving its own 'people's vote' - or 'people's hearing' at any rate - and advisers have every right to roll their eyes. Has anybody thought to ask if this a sensible way to spend time and resources? Last year, the WPSC urged the Financial Conduct Authority (FCA) to ban contingent charging following a probe into ...

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