FCA proposes ban on contingent charging for pension transfer advice

Royaume-Uni
On the 07.31.19 at 8:26AM

par

Tuba Raqshan

UK regulator Financial Conduct Authority (FCA) has proposed a ban on contingent charging for pension transfer advice to protect customers from conflict of interest.
Pixabay

FCA’s proposed ban on contingent charging addresses conflicts of interests arising when a financial adviser is paid if a transfer goes ahead, receiving ongoing fees, sometimes for 20 to 30 years after the transfer.

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