FCA takes inspiration from car window stickers on advice fees disclosure

In a discussion paper published on 25 June, the regulator said investment advisers should do more to communicate their offerings to potential customers. It suggested a label (see below) detailing whether firms offer independent or restricted advice, as well as the charges they levy for one-off, upfront and ongoing services. It could be a variation of the 'fuel economy label' devised by the US Environmental Protection Agency and on display on all new cars in the States since 2008, it said. That label was highlighted by Oxera, which was commissioned by the FCA to identify good disclo...