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Christopher Woolard, FCA executive director of strategy and competition, said: “We recognise that there is an inherent conflict of interest when advisers use a contingent charging model, so we are asking for views on whether we should ban contingent fees for pension transfer advice”.
Additionally, the consultation will look at whether advisers should be required to undertake pension transfer advice in order to have the same qualifications as investment advisers.
Service has experienced rapid growth over recent years compared to its fund of funds and multi-asset fund peers
US equities experience £1.5bn in inflows for first three months of 2024
Nine of the 10 best performing funds specialised in gold or commodities
Domination of mega caps has ‘never continued indefinitely’
Inflows fell by 64% compared with Q1 2023 as outflows remained ‘elevated’
Investment Association, UK Finance, PIMFA among others to sign letter to Jeremy Hunt against proposal
