FCA warns advisers to consider ongoing fees

The Financial Conduct Authority (FCA) director of life insurance and financial advice Debbie Gupta has warned advisers to reconsider their charging structures. Speaking at the Personal Finance Society's (PFS) annual conference last Thursday (28 November) in Birmingham, Gupta stressed the FCA would be "really concerned" if long-standing clients were priced out of advice at the point when they need advisers the most. She said most advisers charge clients a percentage of their assets and this is a structure that works well. However, Gupta encouraged advisers to consider whether this is a...