FCA: 13% claim to have been mis-sold by their adviser

clock • 2 min read

One in eight people who received financial advice in the past 12 months claim to have been mis-sold an investment or pension product, according to a wide-ranging consumer survey by the Financial Conduct Authority (FCA).

In its Financial Lives Survey 2017 the FCA interviewed 13,000 people about their personal finances and found 13% of those who received advice in the past 12 months believed their financial adviser ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

CDC beyond the headlines – a focus on intergenerational risk transfer

CDC beyond the headlines – a focus on intergenerational risk transfer

John Southall says CDC’s success will depend on how intergenerational fairness is treated

John Southall
clock 10 February 2026 • 7 min read
OBR says 80% of in-scope workers may cut contributions as salary sacrifice limited

OBR says 80% of in-scope workers may cut contributions as salary sacrifice limited

Watchdog says behavioural impacts will also include employer contribution increases

Jonathan Stapleton
clock 06 February 2026 • 2 min read
AMNT: The continued presence of a member voice on trustee boards is essential

AMNT: The continued presence of a member voice on trustee boards is essential

Lewis Brown takes a look at the DWP’s consultation on trustees and governance

Lewis Brown
clock 05 February 2026 • 4 min read
Trustpilot