Reaction: FCA contingent charging ban proposal welcomed by industry but challenges remain

Kim Kaveh
clock • 3 min read

The industry has broadly praised the Financial Conduct Authority's (FCA) proposal to ban contingent charging on defined benefit (DB) transfer advice as a move towards improving retirement outcomes.

The FCA announced today (30 July) that it is consulting on the matter for the second time in less than a year, over concerns that too many advisers were delivering poor advice, much of it driven by...

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