The prospect of a 'regulatory dividend' for advisory firms - proposed by the Association of Professional Financial Advisers (APFA) - has been all but ruled out by the Financial Conduct Authority (FCA).
Such a move would be seen as giving some firms "an easier ride", FCA chief executive Martin Wheatley said on Thursday. Speaking at the regulator's annual public meeting in London, he said the idea advisory...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till