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FCA RDR defence highlights 'big growth' in advisers

by Michelle Abrego on Feb 04, 2014 at 13:57

Wheatley said there was a narrow line between the two and that consumers, could in some cases, be under the impression they had received advice from an execution-only service.

He said the FCA needed to provide more clarity in this area and would launch a consultation on the subject by the end of the first quarter of this year.

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2 comments so far. Why not have your say?


Feb 04, 2014 at 15:08

By making the industry qualification centric it has driven out experience. Find that in the bare numbers.

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Feb 04, 2014 at 15:48

Totally agree Badders. In essence the quality of advice has diminished drastically and many investors realise this.

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