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

PA360: The 'human' element of retirement planning becoming ever more important

PA360: The 'human' element of retirement planning becoming ever more important

Retirement panel on client-centric approaches

Isabel Baxter
clock 02 May 2025 • 3 min read
'Urgent action' needed on Gen Z pension saving barriers: PPI report

'Urgent action' needed on Gen Z pension saving barriers: PPI report

Generation faces retirement challenges

Jasmine Urquhart
clock 26 February 2025 • 3 min read
Advisers concerned about regulatory scrutiny in decumulation phase

Advisers concerned about regulatory scrutiny in decumulation phase

Retirement planning ‘dominates’ client advice requests

Isabel Baxter
clock 27 November 2024 • 3 min read