When the Financial Conduct Authority (FCA) undertakes a review of the advice sector it will find it to be "non-competitive" and take subsequent action, said Rory Percival.
The consultant said the financial watchdog is likely to follow up its platform market study and asset management study with a review of the advice market. "When the regulator gets around to doing a...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
Follows string of appointments
Follows acquisition of BlackRock's DC platform
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£116.8m of benefits received by customers