Financial Conduct Authority (FCA) policy director David Geale has dismissed concerns some retirees have been priced out of advice - but said the challenge was matching those firms able to serve lower income clients with the relevant consumers.
Geale (pictured) said the regulator's research following the Retail Distribution Review (RDR) showed around one third of advisers were prepared to deal with people with less than £20,000 to invest, and...
'No viable alternative'
Assist customers to get better deal
3 March 2020
CIO Stephen Jones will take up UK duties on an interim basis
Should discuss with their clients