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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Speculation on rules hitting confidence across every age group

Sahar Nazir
clock 17 November 2025 • 2 min read
Retirement confidence dips amid Budget speculation

Retirement confidence dips amid Budget speculation

Confidence is highest among those receiving professional financial advice

Jenna Brown
clock 12 November 2025 • 2 min read
The Great Wealth Transfer: women, wealth and what comes next

The Great Wealth Transfer: women, wealth and what comes next

Sponsored content from WIFA 2025 headline sponsor LV=

LV=
clock 03 November 2025 • 6 min read