Local authorities vary in their effectiveness to connect elderly people with regulated financial advisers, the Financial Conduct Authority (FCA) has been told.
In its occasional paper analysing the ageing population out on Thursday, the regulator said respondents expressed concern that local authorities were inconsistent in their efforts to help the elderly access...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months