RP Poll: Should consumers share the cost of guidance?

RP Poll: Should consumers share the cost of guidance?

clock

In this week's quick fire RP poll we ask readers: Would consumers value the guidance guarantee more if they had to pay for it?

To share your views visit the poll here. The question follows news the Financial Conduct Authority has decided to halve the levy placed on financial advisers to fund the government mandated service. One adviser, Gareth Rees, welcomed the FCA's decision but said he does not think the system will work if it is free at point of delivery. He argued consumers should pay a share of the cost of the guidance guarantee, or they will fail to value the service. Last week's poll asked readers if they thought Steve Webb's latest social media innovation, PensionsTube, would boost pension unde...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FSCS places Lancashire firm Frodsham Financial Planning in default

FSCS places Lancashire firm Frodsham Financial Planning in default

Advice practice formerly traded as Tom Carroll Associates FP

Hope Coumbe
clock 13 February 2024 • 1 min read
Schroders CEO: 'Private is a much easier place to exist than public'

Schroders CEO: 'Private is a much easier place to exist than public'

Peter Harrison says he is 'not quite sure we can solve the problem'

Cristian Angeloni
clock 02 February 2024 • 3 min read
FCA: Blackmore Bond promotions had 'very relevant risk warnings'

FCA: Blackmore Bond promotions had 'very relevant risk warnings'

No enforcement action for firms who approved financial promotions

Hope Coumbe
clock 07 December 2023 • 3 min read