Financial Conduct Authority

Charges to be split into component parts: advice, fund, and product

“These behaviours diminish confidence in insurance”

Publication of multi-firm review highlights areas for improvements

Principals have ended relationships with over 1300 ARs

The regulators aim to highlight non-financial misconduct

To support Consumer Duty outcomes

Latest ‘Dear CEO’ letter lays out regulatory concerns

Approvals for unregulated firms

Topics covered include exit planning, recruitment and scalability

"More financial commitments mean a greater reliance on income"