Fiona Murphy asks what the FCA's review into inducements from life offices means for the advice industry
The Financial Conduct Authority’s (FCA) review into whether adviser firms continue to be influenced by inducements from product providers proved to be damning reading. A case of ‘commission’ by any another name, it found that advisers across the market were still receiving incentives from life offices, in turn influencing their relationships. The paper, GC13/5 Supervising retail investment advice: inducements and conflicts of interests, sampled 26 life insurers and advisory firms about their service. It found many practices were in clear conflict with the spirit of the Retail Distribu...
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