Inducement study sounds warning for advisers

A study looking into adviser inducements, written by COVER's parent company Incisive Media, found one-third (34%) of advisers accept corporate hospitality without restriction, warning they will be the "low-hanging fruit" in the eyes of the Financial Conduct Authority (FCA) as the new rules come into effect. The study of 89 independent and restricted advisers found they considered a football match event with a continuing professional development (CPD) component easier to accept than one without but, according to the FCA, this is not the case. In its 2016 thematic review, the regulator ...