Novia Financial has confirmed it will continue to provide its transfer value analysis (TVAS) tool to advisers, but will be charging £75 to do so, after the FCA said a free TVAS constituted an inducement.
The adviser platform said the additional charge was merely to cover administration costs and to solve the inducement concerns raised by the Financial Conduct Authority (FCA). A Novia spokeswomen...
Taking the time to look
After 14-month FAS programme
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
Rebranded from OMW
Number of benefits