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

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

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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