FCA warns advisers to consider ongoing fees

PFS conference 2019

Sophie King
clock • 1 min read

The Financial Conduct Authority (FCA) director of life insurance and financial advice Debbie Gupta has warned advisers to reconsider their charging structures. Speaking at the Personal Finance Society's (PFS) annual conference on Thursday (28 November) in Birmingham, Gupta stressed the FCA would be "really concerned" if long-standing clients were priced out of advice at the point when they need advisers the most. She said most advisers charge clients a percentage of their assets and is a structure that works well. However, Gupta encouraged advisers to consider whether this is an appro...

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 Your profession

FCA: Most firms unable to meet bereavement claims performance levels

FCA: Most firms unable to meet bereavement claims performance levels

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read
ETF providers launch unlisted share classes to tackle slow MPS adoption

ETF providers launch unlisted share classes to tackle slow MPS adoption

Technological and cost barriers

Valeria Martinez
clock 22 November 2024 • 5 min read
Advisers expect regulation to limit time taken on giving advice

Advisers expect regulation to limit time taken on giving advice

Industry expects it will constrain their ability to meet demand

Isabel Baxter
clock 22 November 2024 • 2 min read