Financial advisers have been warned about the level of corporate hospitality they accept ahead of incoming stricter inducement rules under the European legislation Markets in Financial Instruments Directive II (MiFID II).
A study looking into adviser inducements, written by Professional Adviser's parent company Incisive Media, found one-third (34%) of advisers accept corporate hospitality without restriction, warning they...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected